Market Snapshot
| Indicator | Value |
|---|---|
| Population | 51,492 ↓ 0.6% since 2020 |
| Median Household Income | $59,752 20% below national median |
| Median Home Value | $278,200 |
| Unemployment Rate | 7.0% |
| Median Age | 25.4 years |
| Housing Vacancy Rate | 7.1% |
| Median Price/Acre (All Land) | $294,786 |
| Total Recent Sales | 52 transactions |
| Active Listings | 7 properties |
| Avg Days on Market | 533 days |
Rural Land Market (1+ Acres)
| Metric | Value |
|---|---|
| Median Price/Acre | $155,440 |
| Recent Sales | 11 transactions |
| Avg Days on Market | 550 days |
| Avg Parcel Size | 5.50 acres |
| Active Listings | 5 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Oct 2025 | 28.23 | $665,000 | $23,557 | Harrisonburg |
| Aug 2025 | 2.01 | $180,000 | $89,552 | Harrisonburg |
| May 2025 | 1.80 | $365,000 | $202,778 | Harrisonburg |
| Apr 2025 | 1.23 | $222,900 | $181,220 | Harrisonburg |
| Mar 2025 | 2.98 | $305,000 | $102,350 | Harrisonburg |
| Feb 2025 | 1.24 | $128,000 | $103,226 | Harrisonburg |
| Aug 2024 | 1.25 | $395,000 | $316,000 | Harrisonburg |
| Nov 2023 | 1.93 | $300,000 | $155,440 | Harrisonburg |
| Oct 2023 | 1.00 | $275,000 | $275,000 | Harrisonburg |
| Aug 2023 | 1.09 | $375,000 | $344,040 | Harrisonburg |
Suburban/Urban Land Market (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Price/Acre | $321,071 |
| Recent Sales | 41 transactions |
| Avg Days on Market | 529 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 2 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 0.27 | $70,000 | $259,259 | Harrisonburg |
| Feb 2026 | 0.27 | $70,000 | $259,259 | Harrisonburg |
| Nov 2025 | 0.28 | $89,900 | $321,071 | Broadway |
| Nov 2025 | 0.48 | $90,000 | $187,500 | Harrisonburg |
| Oct 2025 | 0.87 | $1,500,000 | $1,724,147 | Harrisonburg |
| Sep 2025 | 0.38 | $149,900 | $394,474 | Harrisonburg |
| Sep 2025 | 0.43 | $172,000 | $400,000 | Harrisonburg |
| Aug 2025 | 0.40 | $10,000 | $25,000 | Harrisonburg |
| Jul 2025 | 0.96 | $275,000 | $286,462 | Harrisonburg |
| Jul 2025 | 0.37 | $150,000 | $405,405 | Harrisonburg |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 51,492 |
| Population (2020) | 51,814 |
| Population Growth | -0.62% |
| Median Household Income | $59,752 |
| Median Home Value | $278,200 |
| Total Housing Units | 18,654 |
| Vacant Housing Units | 1,323 |
| Housing Vacancy Rate | 7.1% |
| Median Age | 25.4 |
| Bachelor's Degree or Higher | 5,060 (9.8%) |
| Unemployment Rate | 7.0% |
Market Overview
Harrisonburg city, Virginia has a population of 51,492, which has declined 0.62% since 2020. The median household income is $59,752, below the national median of $74,580 by 19.9%. The housing vacancy rate of 7.1% suggests balanced market conditions. Harrisonburg city remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $155,440 per acre, with properties averaging 5.50 acres. There are currently 7 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Harrisonburg city, Virginia?
As of the 2023 American Community Survey, Harrisonburg city has a population of 51,492. The county has declined 0.62% since the 2020 Census.
What is the median household income in Harrisonburg city?
The median household income in Harrisonburg city is $59,752, which is 19.9% below the national median of $74,580.
Is Harrisonburg city growing or shrinking?
Harrisonburg city is shrinking. The population has declined 0.62% since 2020.
What is the housing market like in Harrisonburg city?
The median home value in Harrisonburg city is $278,200. The housing vacancy rate is 7.1%, which suggests balanced market conditions. The unemployment rate is 7.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $155,440 per acre. Suburban/urban lots under 1 acre have a median price of $321,071 per acre.
Does Reelvest buy land in Harrisonburg city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Harrisonburg 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.