Tazewell County, Virginia Housing Market Prices
Tazewell County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 28% below the Virginia median$184,376
-
Median rent 50% below the Virginia median Cheaper than 83% of counties in Virginia$794
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tazewell County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,376 | $256,082 | $248,835 |
| Price Trend (Annual %) | 20.4% | 3.5% | 7.5% |
| Median Gross Rent | $794 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tazewell County is about 28% lower than in Virginia. Rent is about 50% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tazewell County, up about 20.4% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Tazewell County rose about 36.0% between 2015 and 2024, from $584 to $794. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Tazewell County.
Buying the median-priced home in Tazewell County costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tazewell County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Tazewell County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,376 | $256,082 | $248,835 |
| Median Household Income | $47,574 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tazewell County rose about 172.4%, while median household income rose about 28.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tazewell County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.3% | 61.5% | 58.5% |
| Rental Rate | 21.1% | 29.8% | 31.2% |
| Vacancy Rate | 17.6% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Tazewell County has a homeownership rate of 61.3%, about the same as the Virginia average of 61.5%. Its housing vacancy rate is 17.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Tazewell County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1972 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Tazewell County was built around 1972. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Tazewell County, VA Housing Compared With Nearby Counties
Tazewell County, VA is the largest of the 5 counties compared here, 39,616 residents against a local median of 20,022. Tazewell County, VA's median home price, at $184,376, runs 187% above the $64,309 typical of the counties around it.
Median rent tells the same story from another angle: $794 against a local median of $689, 15% above it. The counties themselves sit within $75,802 of each other on median home price, a tighter band than the gap between any of them and Tazewell County, VA, which makes it a genuine outlier here rather than one end of a wide local spread. Tazewell County, VA has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tazewell County, VA | 39,616 | $184,376 #1/5 | $794 #1/5 | 74.4% #4/5 |
| McDowell County, WV | 17,943 | $95,227 | $642 | 77.3% |
| Smyth County, VA | 29,374 | $24,100 | $730 | 71.0% |
| Wyoming County, WV | 20,629 | $33,392 | $649 | 82.5% |
| Buchanan County, VA | 19,415 | $99,903 | $743 | 83.1% |
Frequently Asked Questions
Common questions about the housing market in Tazewell County, Virginia.
What is the median home price in Tazewell County, Virginia?
The median home price in Tazewell County, Virginia is $184,376, lower than the Virginia average of $256,082.
What is the average home price in Tazewell County, Virginia?
The typical home price in Tazewell County, Virginia, reported as the median sale price, is $184,376. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Tazewell County, Virginia?
The median gross rent in Tazewell County, Virginia is $794 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Tazewell County in 2020?
In 2020, the median gross rent in Tazewell County, Virginia was $667 per month.
What is the price-to-rent ratio in Tazewell County, Virginia?
The price-to-rent ratio in Tazewell County, Virginia is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tazewell County.
Are home prices or rent rising faster in Tazewell County, Virginia?
Both home prices and rent are rising in Tazewell County, up about 20.4% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tazewell County, Virginia?
61.3% of households in Tazewell County, Virginia own their home, about the same as the Virginia average.
What is the vacancy rate in Tazewell County, Virginia?
The housing vacancy rate in Tazewell County, Virginia is 17.6%, higher than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →