Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 24,139 ↑ 5.2% since 2020 |
| Median Household Income | $120,125 61% above national median |
| Median Home Value | $371,500 |
| Unemployment Rate | 2.7% |
| Median Age | 43.4 years |
| Housing Vacancy Rate | 4.9% |
| Total Land Sales (Past 12 Months) | 176 transactions |
| Active Listings | 25 properties |
| Avg Days on Market | 583 days |
Rural Land Sales (1+ Acres) (Dec 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $16,667 |
| Recent Sales | 133 transactions |
| Avg Days on Market | 572 days |
| Avg Parcel Size | 16.20 acres |
| Active Listings | 18 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 18.44 | $240,000 | $13,015 | Quinton |
| Feb 2026 | 15.00 | $130,000 | $8,667 | Quinton |
| Jan 2026 | 5.00 | $145,000 | $29,000 | Lanexa |
| Jan 2026 | 6.17 | $131,300 | $21,280 | Lanexa |
| Jan 2026 | 4.57 | $85,000 | $18,600 | Providence Forge |
| Dec 2025 | 6.17 | $131,300 | $21,280 | Lanexa |
| Dec 2025 | 19.23 | $200,000 | $10,400 | Providence Forge |
| Dec 2025 | 1.21 | $159,990 | $132,223 | Providence Forge |
| Dec 2025 | 5.18 | $180,000 | $34,749 | Mechanicsville |
| Dec 2025 | 1.00 | $42,000 | $42,000 | Providence Forge |
Suburban/Urban Land Sales (Under 1 Acre) (Dec 2025 – Dec 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $94,000 |
| Recent Sales | 43 transactions |
| Avg Days on Market | 615 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 7 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Dec 2025 | 0.74 | $75,000 | Providence Forge |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 24,139 |
| Population (2020) | 22,945 |
| Population Growth | 5.2% |
| Median Household Income | $120,125 |
| Median Home Value | $371,500 |
| Total Housing Units | 9,495 |
| Vacant Housing Units | 461 |
| Housing Vacancy Rate | 4.9% |
| Median Age | 43.4 |
| Bachelor's Degree or Higher | 4,442 (18.4%) |
| Unemployment Rate | 2.7% |
Market Overview
New Kent County, Virginia has a population of 24,139, which has grown 5.2% since 2020. The median household income is $120,125, above the national median of $74,580 by 61.1%. The housing vacancy rate of 4.9% suggests tight market conditions. New Kent 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 $16,667 per acre, with properties averaging 16.20 acres. There are currently 25 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of New Kent County, Virginia?
As of the 2023 American Community Survey, New Kent County has a population of 24,139. The county has grown 5.2% since the 2020 Census, indicating a growing community.
What is the median household income in New Kent County?
The median household income in New Kent County is $120,125, which is 61.1% above the national median of $74,580.
Is New Kent County growing or shrinking?
New Kent County is growing. The population has increased 5.2% since 2020.
What is the housing market like in New Kent County?
The median home value in New Kent County is $371,500. The housing vacancy rate is 4.9%, which suggests tight market conditions. The unemployment rate is 2.7%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $16,667 per acre. Suburban/urban lots under 1 acre have a median lot price of $94,000.
Does Reelvest buy land in New Kent County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including New Kent 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.