Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 25,874 ↑ 0.5% since 2020 |
| Median Household Income | $55,849 25% below national median |
| Median Home Value | $150,300 |
| Unemployment Rate | 2.9% |
| Median Age | 43.6 years |
| Housing Vacancy Rate | 32.5% |
| Total Land Sales (Past 12 Months) | 199 transactions |
| Active Listings | 64 properties |
| Avg Days on Market | 510 days |
Rural Land Sales (1+ Acres) (Nov 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $17,405 |
| Recent Sales | 164 transactions |
| Avg Days on Market | 515 days |
| Avg Parcel Size | 31.30 acres |
| Active Listings | 49 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 2.49 | $100,000 | $40,161 | Blacksburg |
| Jan 2026 | 3.76 | $50,000 | $13,301 | Elliston |
| Jan 2026 | 3.76 | $50,000 | $13,298 | Elliston |
| Jan 2026 | 2.50 | $110,000 | $44,000 | Christiansburg |
| Jan 2026 | 4.50 | $702,500 | $156,146 | Blacksburg |
| Jan 2026 | 26.23 | $244,000 | $9,303 | Blacksburg |
| Dec 2025 | 4.74 | $99,900 | $21,089 | Christiansburg |
| Dec 2025 | 2.37 | $118,500 | $50,000 | Christiansburg |
| Nov 2025 | 1.02 | $65,000 | $63,725 | Riner |
| Nov 2025 | 23.80 | $230,000 | $9,664 | Riner |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $70,000 |
| Recent Sales | 35 transactions |
| Avg Days on Market | 484 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 15 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.50 | $215,000 | Blacksburg |
| Feb 2026 | 0.41 | $15,500 | Shawsville |
| Nov 2025 | 0.53 | $41,000 | Christiansburg |
| Nov 2025 | 0.71 | $112,500 | Blacksburg |
| Oct 2025 | 0.32 | $180,000 | Blacksburg |
| Oct 2025 | 0.68 | $564,900 | Blacksburg |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 99,159 |
| Population (2020) | 99,721 |
| Population Growth | -0.56% |
| Median Household Income | $70,769 |
| Median Home Value | $283,600 |
| Total Housing Units | 42,229 |
| Vacant Housing Units | 5,498 |
| Housing Vacancy Rate | 13.0% |
| Median Age | 30.2 |
| Bachelor's Degree or Higher | 12,698 (12.8%) |
| Unemployment Rate | 2.9% |
Market Overview
Montgomery County, Virginia has a population of 99,159, which has declined 0.56% since 2020. The median household income is $70,769, below the national median of $74,580 by 5.1%. The housing vacancy rate of 13.0% suggests soft market conditions. Montgomery 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 $17,405 per acre, with properties averaging 31.30 acres. There are currently 64 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Montgomery County, Virginia?
As of the 2023 American Community Survey, Montgomery County has a population of 99,159. The county has declined 0.56% since the 2020 Census.
What is the median household income in Montgomery County?
The median household income in Montgomery County is $70,769, which is 5.1% below the national median of $74,580.
Is Montgomery County growing or shrinking?
Montgomery County is shrinking. The population has declined 0.56% since 2020.
What is the housing market like in Montgomery County?
The median home value in Montgomery County is $283,600. The housing vacancy rate is 13.0%, which suggests soft market conditions. The unemployment rate is 2.9%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $17,405 per acre. Suburban/urban lots under 1 acre have a median lot price of $70,000.
Does Reelvest buy land in Montgomery County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Montgomery 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.