Washington County, Virginia Housing Market Prices
Washington 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.
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Median home price 32% below the Virginia median$174,865
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Median rent 46% below the Virginia median Cheaper than 76% of counties in Virginia$853
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,865 | $256,082 | $248,835 |
| Price Trend (Annual %) | 7.8% | 3.5% | 7.5% |
| Median Gross Rent | $853 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 32% lower than in Virginia. Rent is about 46% 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 Washington County, up about 7.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Washington County rose about 38.8% between 2015 and 2024, from $615 to $853. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 17.1 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 Washington County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Washington County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,865 | $256,082 | $248,835 |
| Median Household Income | $64,315 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington County rose about 52.2%, while median household income rose about 50.3% 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 | Washington County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 61.5% | 58.5% |
| Rental Rate | 21.0% | 29.8% | 31.2% |
| Vacancy Rate | 13.5% | 8.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Washington County has a homeownership rate of 65.5%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 13.5%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Washington County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1977 | 1982 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Washington County was built around 1977. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Washington County, VA Housing Compared With Nearby Counties
Washington County, VA is the 2nd largest of the 4 counties compared here, 53,901 residents against a local median of 29,374. Where Washington County, VA breaks from the counties next to it is median home price, sitting more than 4 times the local median of $37,374 at $174,865.
Median rent tells the same story from another angle: $853 against a local median of $730, 17% above it. The counties themselves spread $191,051 on median home price, so Washington County, VA sits at one end of an already wide local range rather than apart from it. Washington County, VA has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington County, VA | 53,901 | $174,865 #2/4 | $853 #2/4 | 75.8% #2/4 |
| Russell County, VA | 25,530 | $37,374 | $653 | 76.3% |
| Sullivan County, TN | 160,624 | $215,151 | $888 | 72.1% |
| Smyth County, VA | 29,374 | $24,100 | $730 | 71.0% |
Frequently Asked Questions
Common questions about the housing market in Washington County, Virginia.
What is the median home price in Washington County, Virginia?
The median home price in Washington County, Virginia is $174,865, lower than the Virginia average of $256,082.
What is the average home price in Washington County, Virginia?
The typical home price in Washington County, Virginia, reported as the median sale price, is $174,865. 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 Washington County, Virginia?
The median gross rent in Washington County, Virginia is $853 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Virginia was $724 per month.
What is the price-to-rent ratio in Washington County, Virginia?
The price-to-rent ratio in Washington County, Virginia is about 17.1, meaning it would take roughly 17.1 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 Washington County.
Are home prices or rent rising faster in Washington County, Virginia?
Both home prices and rent are rising in Washington County, up about 7.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington County, Virginia?
65.5% of households in Washington County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Washington County, Virginia?
The housing vacancy rate in Washington County, Virginia is 13.5%, higher than the Virginia average of 8.7%.
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