Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 11,075 ↑ 1.7% since 2020 |
| Median Household Income | $44,272 41% below national median |
| Median Home Value | $199,000 |
| Unemployment Rate | 5.4% |
| Median Age | 51.4 years |
| Housing Vacancy Rate | 34.9% |
| Total Land Sales (Past 12 Months) | 9 transactions |
| Active Listings | 15 properties |
| Avg Days on Market | 470 days |
Rural Land Sales (1+ Acres) (Apr 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $4,592 |
| Recent Sales | 7 transactions |
| Avg Days on Market | 176 days |
| Avg Parcel Size | 26.46 acres |
| Active Listings | 7 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Mar 2026New | 2.43 | $70,000 | $28,807 | 207 Glen Haven Dr Lot 13 | Clifton Forge |
| Feb 2026 | 3.00 | $15,000 | $5,000 | 0 Taylor Ln #13 | Covington |
| Jan 2026 | 3.00 | $12,000 | $4,000 | 1604 Hoke Rd | Covington |
| Sep 2025 | 24.00 | $24,000 | $1,000 | Near Rich Patch Rd | Covington |
| Jun 2025 | 1.00 | $7,000 | $7,000 | 0 Valley Ridge Rd | Covington |
| Apr 2025 | 4.90 | $22,500 | $4,592 | 0 W Parklin Dr | Covington |
| Apr 2025 | 146.89 | $190,000 | $1,293 | Tbd Middle Mountain | Covington |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $70,000 |
| Recent Sales | 2 transactions |
| Avg Days on Market | 82 days |
| Avg Parcel Size | 0.67 acres |
| Active Listings | 8 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Mar 2026New | 0.59 | $70,000 | 254 S River Rd Lot 3 | Covington |
| Oct 2025 | 0.75 | $10,000 | 0 Heatherton Dr #13 & 14 | Covington |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 14,962 |
| Population (2020) | 15,223 |
| Population Growth | -1.71% |
| Median Household Income | $55,160 |
| Median Home Value | $122,300 |
| Total Housing Units | 7,916 |
| Vacant Housing Units | 1,624 |
| Housing Vacancy Rate | 20.5% |
| Median Age | 48.1 |
| Bachelor's Degree or Higher | 975 (6.5%) |
| Unemployment Rate (BLS) | 3.9% |
Market Overview
Alleghany County, Virginia has a population of 14,962, which has declined 1.71% since 2020. The median household income is $55,160, below the national median of $74,580 by 26.0%. With a median home value of $122,300 and an unemployment rate of 3.9%, the local economy is struggling. The housing vacancy rate of 20.5% suggests soft market conditions. Alleghany County is part of Virginia's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $4,296 per acre, with properties averaging 93.30 acres. There are currently 15 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Alleghany County, Virginia?
As of the 2023 American Community Survey, Alleghany County has a population of 14,962. The county has declined 1.71% since the 2020 Census.
What is the median household income in Alleghany County?
The median household income in Alleghany County is $55,160, which is 26.0% below the national median of $74,580.
Is Alleghany County growing or shrinking?
Alleghany County is shrinking. The population has declined 1.71% since 2020.
What is the housing market like in Alleghany County?
The median home value in Alleghany County is $122,300. The housing vacancy rate is 20.5%, which suggests soft market conditions. The unemployment rate is 3.9%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $4,296 per acre. Suburban/urban lots under 1 acre have a median lot price of $27,500.
Does Reelvest buy land in Alleghany County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Alleghany County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.