Wythe County, Virginia Housing Market Prices
Wythe 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 49% below the Virginia median Cheaper than 74% of counties in Virginia$130,514
-
Median rent 52% below the Virginia median Cheaper than 88% of counties in Virginia$764
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wythe County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,514 | $256,082 | $248,835 |
| Price Trend (Annual %) | 7.9% | 3.5% | 7.5% |
| Median Gross Rent | $764 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wythe County is about 49% lower than in Virginia. Rent is about 52% 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 Wythe County, up about 7.9% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Wythe County rose about 25.1% between 2015 and 2024, from $611 to $764. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Wythe County.
Buying the median-priced home in Wythe County costs roughly 14.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wythe County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Wythe County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,514 | $256,082 | $248,835 |
| Median Household Income | $57,139 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wythe County rose about 18.1%, while median household income rose about 38.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wythe County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.8% | 61.5% | 58.5% |
| Rental Rate | 20.6% | 29.8% | 31.2% |
| Vacancy Rate | 10.7% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Wythe County has a homeownership rate of 68.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 10.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Wythe County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1981 | 1982 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Wythe County was built around 1981. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Wythe County, VA Housing Compared With Nearby Counties
Wythe County, VA is typical in size for this group, 28,184 residents against a local median of 29,157, so the measures below are close to a like for like comparison. The measure that sets Wythe County, VA apart most is median home price: $130,514, 45% above the local median of $90,246.
The counties themselves spread $62,914 on median home price, so Wythe County, VA sits at one end of an already wide local range rather than apart from it. Wythe County, VA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wythe County, VA | 28,184 | $130,514 #1/4 | $764 #3/4 | 77.0% #3/4 |
| Grayson County, VA | 15,277 | $90,246 | $765 | 80.4% |
| Carroll County, VA | 29,157 | $59,216 | $737 | 77.1% |
| Pulaski County, VA | 33,685 | $122,130 | $813 | 73.4% |
Frequently Asked Questions
Common questions about the housing market in Wythe County, Virginia.
What is the median home price in Wythe County, Virginia?
The median home price in Wythe County, Virginia is $130,514, lower than the Virginia average of $256,082.
What is the average home price in Wythe County, Virginia?
The typical home price in Wythe County, Virginia, reported as the median sale price, is $130,514. 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 Wythe County, Virginia?
The median gross rent in Wythe County, Virginia is $764 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Wythe County in 2020?
In 2020, the median gross rent in Wythe County, Virginia was $656 per month.
What is the price-to-rent ratio in Wythe County, Virginia?
The price-to-rent ratio in Wythe County, Virginia is about 14.2, meaning it would take roughly 14.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wythe County.
Are home prices or rent rising faster in Wythe County, Virginia?
Both home prices and rent are rising in Wythe County, up about 7.9% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wythe County, Virginia?
68.8% of households in Wythe County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Wythe County, Virginia?
The housing vacancy rate in Wythe County, Virginia is 10.7%, 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 →