Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 17,606 ↓ 0.0% since 2020 |
| Median Household Income | $50,938 32% below national median |
| Median Home Value | $146,500 |
| Unemployment Rate | 2.0% |
| Median Age | 51.0 years |
| Housing Vacancy Rate | 22.1% |
| Total Land Sales (Past 12 Months) | 200 transactions |
| Active Listings | 113 properties |
| Avg Days on Market | 443 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $5,206 |
| Recent Sales | 192 transactions |
| Avg Days on Market | 441 days |
| Avg Parcel Size | 31.20 acres |
| Active Listings | 76 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 2.30 | $99,000 | $43,043 | Spencer |
| Mar 2026 | 2.30 | $99,000 | $43,043 | Spencer |
| Mar 2026 | 55.45 | $172,500 | $3,111 | Woolwine |
| Feb 2026 | 5.00 | $75,000 | $15,000 | Meadows Of Dan |
| Feb 2026 | 20.60 | $50,000 | $2,427 | Stuart |
| Feb 2026 | 2.00 | $36,000 | $18,000 | Claudville |
| Jan 2026 | 3.24 | $34,000 | $10,484 | Stuart |
| Jan 2026 | 9.10 | $530,500 | $58,322 | Stuart |
| Jan 2026 | 220.94 | $125,000 | $566 | Woolwine |
| Jan 2026 | 48.08 | $146,500 | $3,047 | Patrick Springs |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $11,400 |
| Recent Sales | 8 transactions |
| Avg Days on Market | 491 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 37 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Jun 2025 | 0.11 | $2,000 | Mount Airy |
| Jun 2025 | 0.69 | $13,800 | Patrick Springs |
| Feb 2025 | 0.00 | $45,500 | Stuart |
| Dec 2024 | 0.88 | $7,500 | Ararat |
| Jul 2024 | 0.40 | $65,000 | Stuart |
| Jul 2024 | 0.80 | $9,900 | Hillsville |
| Jul 2024 | 0.33 | $12,900 | Hillsville |
| Mar 2024 | 0.29 | $3,000 | Ararat |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 17,606 |
| Population (2020) | 17,608 |
| Population Growth | -0.01% |
| Median Household Income | $50,938 |
| Median Home Value | $146,500 |
| Total Housing Units | 10,006 |
| Vacant Housing Units | 2,209 |
| Housing Vacancy Rate | 22.1% |
| Median Age | 51.0 |
| Bachelor's Degree or Higher | 1,577 (9.0%) |
| Unemployment Rate | 2.0% |
Market Overview
Patrick County, Virginia has a population of 17,606, which has declined 0.01% since 2020. The median household income is $50,938, below the national median of $74,580 by 31.7%. The housing vacancy rate of 22.1% suggests soft market conditions. Patrick 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 $5,206 per acre, with properties averaging 31.20 acres. There are currently 113 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Patrick County, Virginia?
As of the 2023 American Community Survey, Patrick County has a population of 17,606. The county has declined 0.01% since the 2020 Census.
What is the median household income in Patrick County?
The median household income in Patrick County is $50,938, which is 31.7% below the national median of $74,580.
Is Patrick County growing or shrinking?
Patrick County is shrinking. The population has declined 0.01% since 2020.
What is the housing market like in Patrick County?
The median home value in Patrick County is $146,500. The housing vacancy rate is 22.1%, which suggests soft market conditions. The unemployment rate is 2.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $5,206 per acre. Suburban/urban lots under 1 acre have a median lot price of $11,400.
Does Reelvest buy land in Patrick County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Patrick 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.