Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 15,323 ↓ 0.1% since 2020 |
| Median Household Income | $42,864 43% below national median |
| Median Home Value | $132,300 |
| Unemployment Rate | 3.9% |
| Median Age | 48.5 years |
| Housing Vacancy Rate | 30.8% |
| Total Land Sales (Past 12 Months) | 200 transactions |
| Active Listings | 47 properties |
| Avg Days on Market | 538 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $6,588 |
| Recent Sales | 188 transactions |
| Avg Days on Market | 538 days |
| Avg Parcel Size | 25.40 acres |
| Active Listings | 44 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 63.08 | $200,000 | $3,171 | Mouth Of Wilson |
| Mar 2026 | 28.00 | $89,000 | $3,179 | Independence |
| Mar 2026 | 3.18 | $160,000 | $50,314 | Independence |
| Mar 2026 | 5.10 | $65,000 | $12,745 | Independence |
| Feb 2026 | 10.00 | $164,415 | $16,442 | Fries |
| Feb 2026 | 88.35 | $630,000 | $7,131 | Independence |
| Jan 2026 | 78.10 | $458,139 | $5,866 | Mouth of Wilson |
| Jan 2026 | 11.55 | $216,000 | $18,698 | Independence |
| Jan 2026 | 7.66 | $36,000 | $4,702 | Fries |
| Jan 2026 | 7.66 | $27,500 | $3,592 | Fries |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $54,000 |
| Recent Sales | 12 transactions |
| Avg Days on Market | 543 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 3 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.70 | $60,000 | Independence |
| Nov 2025 | 0.68 | $13,000 | Elk Creek |
| Oct 2025 | 0.37 | $1,300 | Fries |
| Oct 2025 | 0.19 | $20,000 | Troutdale |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 15,323 |
| Population (2020) | 15,333 |
| Population Growth | -0.07% |
| Median Household Income | $42,864 |
| Median Home Value | $132,300 |
| Total Housing Units | 8,961 |
| Vacant Housing Units | 2,759 |
| Housing Vacancy Rate | 30.8% |
| Median Age | 48.5 |
| Bachelor's Degree or Higher | 1,102 (7.2%) |
| Unemployment Rate (BLS) | 3.3% |
Market Overview
Grayson County, Virginia has a population of 15,323, which has declined 0.07% since 2020. The median household income is $42,864, below the national median of $74,580 by 42.5%. With a median home value of $132,300 and an unemployment rate of 3.3%, the local economy is struggling. The housing vacancy rate of 30.8% suggests soft market conditions. Grayson 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 $6,588 per acre, with properties averaging 25.40 acres. There are currently 47 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Grayson County, Virginia?
As of the 2023 American Community Survey, Grayson County has a population of 15,323. The county has declined 0.07% since the 2020 Census.
What is the median household income in Grayson County?
The median household income in Grayson County is $42,864, which is 42.5% below the national median of $74,580.
Is Grayson County growing or shrinking?
Grayson County is shrinking. The population has declined 0.07% since 2020.
What is the housing market like in Grayson County?
The median home value in Grayson County is $132,300. The housing vacancy rate is 30.8%, which suggests soft market conditions. The unemployment rate is 3.3%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $6,588 per acre. Suburban/urban lots under 1 acre have a median lot price of $54,000.
Does Reelvest buy land in Grayson County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Grayson 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.