Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 6,698 ↓ 0.3% since 2020 |
| Median Household Income | $41,438 44% below national median |
| Median Home Value | $126,800 |
| Unemployment Rate | 5.5% |
| Median Age | 41.9 years |
| Housing Vacancy Rate | 15.1% |
| Total Land Sales (Past 12 Months) | 7 transactions |
| Active Listings | 6 properties |
| Avg Days on Market | 502 days |
Rural Land Sales (1+ Acres) (May 2025 – Nov 2025)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,400 |
| Recent Sales | 5 transactions |
| Avg Days on Market | 211 days |
| Avg Parcel Size | 8.06 acres |
| Active Listings | 4 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Nov 2025 | 5.00 | $37,000 | $7,400 | Chestnut Falls Ln | Galax |
| Sep 2025 | 3.40 | $79,250 | $23,309 | Tbd Larkspur Ln | Galax |
| Aug 2025 | 5.60 | $37,000 | $6,607 | Forest Green Dr | Galax |
| Jul 2025 | 20.80 | $115,000 | $5,528 | Greentree Ln | Galax |
| May 2025 | 5.52 | $50,000 | $9,058 | 53-146 Highland Ave | Galax |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Oct 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $41,000 |
| Recent Sales | 2 transactions |
| Avg Days on Market | 157 days |
| Avg Parcel Size | 0.59 acres |
| Active Listings | 2 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Oct 2025 | 0.69 | $41,000 | Deerfield Rd | Hillsville |
| Sep 2025 | 0.50 | $20,500 | Forest Ave | Galax |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 6,698 |
| Population (2020) | 6,720 |
| Population Growth | -0.33% |
| Median Household Income | $41,438 |
| Median Home Value | $126,800 |
| Total Housing Units | 3,213 |
| Vacant Housing Units | 484 |
| Housing Vacancy Rate | 15.1% |
| Median Age | 41.9 |
| Bachelor's Degree or Higher | 530 (7.9%) |
| Unemployment Rate | 5.5% |
Market Overview
Galax city, Virginia has a population of 6,698, which has declined 0.33% since 2020. The median household income is $41,438, below the national median of $74,580 by 44.4%. The housing vacancy rate of 15.1% suggests soft market conditions. Galax city remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $6,796 per acre, with properties averaging 17.10 acres. There are currently 6 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Galax city, Virginia?
As of the 2023 American Community Survey, Galax city has a population of 6,698. The county has declined 0.33% since the 2020 Census.
What is the median household income in Galax city?
The median household income in Galax city is $41,438, which is 44.4% below the national median of $74,580.
Is Galax city growing or shrinking?
Galax city is shrinking. The population has declined 0.33% since 2020.
What is the housing market like in Galax city?
The median home value in Galax city is $126,800. The housing vacancy rate is 15.1%, which suggests soft market conditions. The unemployment rate is 5.5%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $6,796 per acre. Suburban/urban lots under 1 acre have a median lot price of $15,250.
Does Reelvest buy land in Galax city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Galax city. 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.