Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 8,517 ↓ 0.2% since 2020 |
| Median Household Income | $75,487 1% above national median |
| Median Home Value | $348,800 |
| Unemployment Rate | 5.9% |
| Median Age | 53.8 years |
| Housing Vacancy Rate | 31.3% |
| Total Land Sales (Past 12 Months) | 164 transactions |
| Active Listings | 48 properties |
| Avg Days on Market | 563 days |
Rural Land Sales (1+ Acres) (Nov 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $11,098 |
| Recent Sales | 135 transactions |
| Avg Days on Market | 529 days |
| Avg Parcel Size | 14.80 acres |
| Active Listings | 38 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 28.22 | $130,000 | $4,607 | Dutton |
| Feb 2026 | 13.29 | $55,000 | $4,139 | Mathews |
| Feb 2026 | 6.50 | $175,000 | $26,923 | Bohannon |
| Feb 2026 | 2.51 | $68,000 | $27,092 | Mathews |
| Jan 2026 | 2.63 | $17,500 | $6,654 | Mathews |
| Dec 2025 | 4.00 | $32,000 | $8,000 | Foster |
| Dec 2025 | 8.80 | $46,200 | $5,250 | Gwynn |
| Dec 2025 | 2.56 | $90,000 | $35,156 | Pt Haywood |
| Dec 2025 | 34.14 | $156,000 | $4,569 | Dutton |
| Nov 2025 | 21.45 | $48,250 | $2,249 | Cardinal |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Sep 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $25,000 |
| Recent Sales | 29 transactions |
| Avg Days on Market | 723 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 10 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Sep 2025 | 0.23 | $15,000 | Hudgins |
| Sep 2025 | 0.23 | $15,000 | Hudgins |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 8,517 |
| Population (2020) | 8,533 |
| Population Growth | -0.19% |
| Median Household Income | $75,487 |
| Median Home Value | $348,800 |
| Total Housing Units | 5,486 |
| Vacant Housing Units | 1,719 |
| Housing Vacancy Rate | 31.3% |
| Median Age | 53.8 |
| Bachelor's Degree or Higher | 1,418 (16.6%) |
| Unemployment Rate | 5.9% |
Market Overview
Mathews County, Virginia has a population of 8,517, which has declined 0.19% since 2020. The median household income is $75,487, above the national median of $74,580 by 1.2%. The housing vacancy rate of 31.3% suggests soft market conditions. As part of Virginia, Mathews County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $11,098 per acre, with properties averaging 14.80 acres. There are currently 48 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Mathews County, Virginia?
As of the 2023 American Community Survey, Mathews County has a population of 8,517. The county has declined 0.19% since the 2020 Census.
What is the median household income in Mathews County?
The median household income in Mathews County is $75,487, which is 1.2% above the national median of $74,580.
Is Mathews County growing or shrinking?
Mathews County is shrinking. The population has declined 0.19% since 2020.
What is the housing market like in Mathews County?
The median home value in Mathews County is $348,800. The housing vacancy rate is 31.3%, which suggests soft market conditions. The unemployment rate is 5.9%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $11,098 per acre. Suburban/urban lots under 1 acre have a median lot price of $25,000.
Does Reelvest buy land in Mathews County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Mathews 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.