The story of this market
The typical home in Essex County, Virginia sells for about $329,950, or $207 per square foot.
Prices are up +7.3% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. Over the long run, values in this county have grown 86% since 2001. The biggest natural hazard here is drought, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,155 a month.
HUD sets the fair market rent for a 2-bedroom at $1,155 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2001–2025
-4.1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+16.5%). Worst: 2010 (-8.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,396
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2001–2025
-4.1%
2025 change
FHFA repeat-sales index, median of 3 census tracts in this county (2001 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
70
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $5,379,696.
Mortgage activity
Home lending in this county
70.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 505 | 247 | 70.3% | 2.6% | $175,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Essex County, Virginia
The Essex County housing market shows moderate growth with a 7.3% year-over-year increase in median sale prices. Inventory remains tight with only 8 homes sold in the most recent month, reflecting a low-volume, stable market environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved up 7.3% year over year.
Homes spend a median of 57 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 11.7% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The economy is supported by sectors including retail trade, health care, and social assistance, with total retail sales reaching approximately $261.8 million in 2022.
The mean travel time to work for residents is approximately 38.5 minutes.
Data sourced from U.S. Census Bureau QuickFacts for Essex County, VA.