The story of this market
The typical home in Grayson County, Virginia sells for about $194,500, or $145 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 156 days to sell, which is slow. Over the long run, values in this county have grown 76% since 2001. HUD's fair market rent for a two-bedroom is $943 a month.
HUD sets the fair market rent for a 2-bedroom at $943 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2001–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+20.2%). Worst: 2010 (-8.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,271
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2001–2025
0%
2025 change
FHFA repeat-sales index, median of 3 census tracts in this county (2001 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
53
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $5,940,141.
Mortgage activity
Home lending in this county
73.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 428 | 239 | 73.6% | 8% | $135,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Grayson County, Virginia
Grayson County is a rural, slow-turnover market currently experiencing a decline in sales volume and a slight decrease in median sale prices. The market is characterized by a small, aging population and limited labor force participation, with housing values remaining significantly lower than state averages.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 5 cities · 6 ZIP reports
Median prices moved up 0.2% year over year.
Homes spend a median of 83 days on market with 9.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 87.06% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 0.0% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 5 researched ZIP reports of 6 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Sep 16
researched Sep 17
researched Sep 20
researched Oct 1
researched Sep 20
| 24292 | Whitetop | $139,000 | $105 | +2.2% | 90 | — | — | — | 36 | $943 | researched Sep 16 |
| 24326 | Elk Creek | $299,000 | $168 | +3.1% | 84 | 96.5% | 8.3% | 6 | 12 | $1,150 | researched Sep 16 |
| 24330 | Fries | $165,000 | $108 | -12.8% | 84 | 96.2% | 8.3% | 6 | 12 | $728 | researched Sep 17 |
| 24348 | Independence | $236,200 | $145 | 0% | 82 | 97% | — | 10 | 44 | $612 | researched Sep 20 |
| 24363 | Mouth Of Wilson | $481,900 | $163 | — | 128 | 98% | — | — | 3 | $829 | researched Oct 1 |
| 24378 | Troutdale | $220,000 | $135 | +2.1% | 142 | 96.5% | 15% | 9.4 | 12 | $949 | researched Sep 20 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county is a rural community in Southwest Virginia with an economy anchored by agriculture, manufacturing, and public administration.
The economy is primarily driven by agriculture, manufacturing, and public administration sectors.
Data sourced from US Census Bureau QuickFacts and FDI Connect.