FHFA House Price Index
752.8
2025 · FHFA all-transactions index
Median value of owner-occupied homes
$403,500
2024 · Census American Community Survey 1-year estimates
Rent of primary residence index (Washington–Arlington–Alexandria)
437.8
2025 · BLS CPI-U
Total housing units
3,746,211
2024 · Census American Community Survey 1-year estimates
New private housing units authorized
31,641
2025 · Census Building Permits Survey
Homeownership rate (CPS/HVS)
69.6%
2025 · Census Housing Vacancy Survey
Housing price level vs U.S. (RPP rents)
106.8
2024 · BEA Regional Price Parities
Rental vacancy rate
6.0%
2025 · Census Housing Vacancy Survey
Historical data
Pick an indicator to see its long-run evolution.
Median home value
1950–2023$377,000▲ 4927%
Census / Zillow ZHVI, nominal dollars.
Home Prices
Sale prices and trends.
FHFA House Price Index
752.8
2025 · FHFA all-transactions index
Median sale price
$420,000
Year-over-year
+4.8%
Price per sq ft
$225
FHFA House Price Index
1975–2025752.8▲ 1009%
FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (VASTHPI).
| Indicator | Virginia | U.S. |
|---|---|---|
| Median sale price (USD) | 420000 | 412000 |
- •Northern Virginia home prices are roughly double those in Southwest Virginia.
Median Home Value
Typical value of owner-occupied homes.
Median value of owner-occupied homes
$403,500
2024 · Census American Community Survey 1-year estimates
Median home value
$377,000
Rank
17th in the U.S.
5-year change
+45%
Median value of owner-occupied homes
2008–2024$403,500▲ 50%
Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Virginia | U.S. |
|---|---|---|
| Median home value (USD) | 377000 | 359000 |
- •A modest townhouse in Arlington often costs more than a large home in Roanoke.
Rent Prices
Cost of renting.
Rent of primary residence index (Washington–Arlington–Alexandria)
437.8
2025 · BLS CPI-U
Median gross rent
$1,600
Renter households
33.0%
Rent-burdened renters
46%
Rent of primary residence index (Washington–Arlington–Alexandria)
2006–2025437.8▲ 73%
BLS CPI-U, Washington–Arlington–Alexandria, annual average (CUURS35ASEHA).
| Indicator | Virginia | U.S. |
|---|---|---|
| Median gross rent (USD/mo) | 1600 | 1406 |
- •Arlington's median rent is among the fifteen highest of any U.S. county.
Housing Inventory
Total housing stock.
Total housing units
3,746,211
2024 · Census American Community Survey 1-year estimates
Vacant housing units
7.9%
2024 · Census American Community Survey 1-year estimates
Single-family share
66%
Built since 2000
27%
Total housing units
2008–20243,746,211▲ 13%
Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–20247.9%
Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Virginia | U.S. |
|---|---|---|
| Total housing units (M) | 3.6 | 145.3 |
- •About a quarter of Virginia's housing stock was built after 2000, concentrated in NoVA and Richmond's suburbs.
Building Permits
New residential construction.
New private housing units authorized
31,641
2025 · Census Building Permits Survey
Permits per 1,000 residents
5.0
Multifamily share
34%
New private housing units authorized
1988–202531,641▼ 53%
Census Building Permits Survey, sum of 12 months (FRED VABPPRIV).
| Indicator | Virginia | U.S. |
|---|---|---|
| Permits per 1,000 residents | 5.0 | 4.4 |
- •Permit activity is heavily concentrated in Loudoun, Prince William and Chesterfield counties.
Homeownership Rate
Share of owner-occupied homes.
Homeownership rate (CPS/HVS)
69.6%
2025 · Census Housing Vacancy Survey
Homeownership rate
67.0%
Rank
21st in the U.S.
Homeownership rate (CPS/HVS)
1984–202569.6%
Census Housing Vacancy Survey, annual (FRED VAHOWN).
| Indicator | Virginia | U.S. |
|---|---|---|
| Homeownership rate (%) | 67.0 | 65.7 |
- •Virginia's homeownership rate has stayed close to 67% for two decades.
Housing Affordability
Home cost relative to income.
Housing price level vs U.S. (RPP rents)
106.8
2024 · BEA Regional Price Parities
Value-to-income ratio
4.2
Median mortgage payment
$2,150 /mo
Cost-burdened owners
21%
Housing price level vs U.S. (RPP rents)
2008–2024106.8▼ 5%
BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Virginia | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 106.8 | 100 |
| Home value-to-income ratio | 4.2 | 4.7 |
- •High incomes keep Virginia's value-to-income ratio below the national average despite expensive homes.
Vacancy Rate
Share of unoccupied units.
Rental vacancy rate
6.0%
2025 · Census Housing Vacancy Survey
Homeowner vacancy rate
1.1%
2025 · Census Housing Vacancy Survey
Overall vacancy
8.7%
Rental vacancy
6.0%
Homeowner vacancy
0.9%
Rental vacancy rate
1986–20256%
Census Housing Vacancy Survey, annual (FRED VARVAC).
Homeowner vacancy rate
1986–20251.1%
Census Housing Vacancy Survey, annual (FRED VAHVAC).
| Indicator | Virginia | U.S. |
|---|---|---|
| Overall vacancy rate (%) | 8.7 | 10.6 |
- •Vacancy is lowest in Northern Virginia, where rental availability regularly falls below 5%.
More figures
Median home value
$377,000
Median monthly rent
$1,530
2023
Homeownership rate
67.1%
Total housing units
3.7 M
Vacancy rate
8.6%
Building permits
≈ 33,000
2023
Effective property tax
0.82%
Homes built before 1970
27%