Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Greenbrier County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,872 | $94,066 | $242,182 |
| Price Trend (Annual %) | 12.5% | 1.9% | 8.2% |
| Median Gross Rent | $833 | $849 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greenbrier County is about 26% higher than in West Virginia. Rent is about 2% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Greenbrier County, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Greenbrier County rose about 32.4% between 2015 and 2023, from $629 to $833. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Greenbrier County.
Buying the median-priced home in Greenbrier County costs roughly 11.9 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 Greenbrier County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Greenbrier County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,872 | $94,066 | $242,182 |
| Median Household Income | $48,460 | $57,886 | $78,145 |
| Price-to-Income Ratio | 2.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Greenbrier County rose about 106.4%, while median household income rose about 49.0% between 2009 and 2023 — 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 | Greenbrier County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 62.4% | 58.2% |
| Rental Rate | 21.4% | 21.6% | 31.3% |
| Vacancy Rate | 17.7% | 16.1% | 10.6% |
| Median Tenure (years) | 18.0 | 18.0 | 15.0 |
| Median Year Moved In | 2008 | 2008 | 2011 |
Greenbrier County has a homeownership rate of 60.8%, lower than the West Virginia average of 62.4%. Its housing vacancy rate is 17.7%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Greenbrier County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1975 | 1974 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Greenbrier County was built around 1975. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greenbrier County, West Virginia.
What is the median home price in Greenbrier County, West Virginia?
The median home price in Greenbrier County, West Virginia is $118,872, higher than the West Virginia average of $94,066.
What is the average home price in Greenbrier County, West Virginia?
The typical home price in %s, reported as the median sale price, is %s. 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 Greenbrier County, West Virginia?
The median gross rent in Greenbrier County, West Virginia is $833 per month, lower than the West Virginia average of $849.
What was the median gross rent in Greenbrier County in 2020?
In 2020, the median gross rent in Greenbrier County, West Virginia was $709 per month.
What is the price-to-rent ratio in Greenbrier County, West Virginia?
The price-to-rent ratio in Greenbrier County, West Virginia is about 11.9, meaning it would take roughly 11.9 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 Greenbrier County.
Are home prices or rent rising faster in Greenbrier County, West Virginia?
Both home prices and rent are rising in Greenbrier County, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greenbrier County, West Virginia?
60.8% of households in Greenbrier County, West Virginia own their home, lower than the West Virginia average of 62.4%.
What is the vacancy rate in Greenbrier County, West Virginia?
The housing vacancy rate in Greenbrier County, West Virginia is 17.7%, higher than the West Virginia average of 16.1%.