Average Rent in Buckingham County, VA↓ Rents falling 22.5% YoY🔻 Cheapest in VA
HUD FY2021 · Official government data · Updated annually · Metro pop. 16,914
Market Overview
Buckingham County, VA has rental prices ranging from $564/month to $1,140/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $652/month — 53% below the national average of $1,400/month. With a median household income of $59,199/year, spending $652/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.
How Buckingham County Compares
With an average 2-bedroom rent of $743/month, Buckingham County ranks #69 most expensive of the 69 cities tracked in Virginia — more affordable than 99% of all US cities in our data.
The Buckingham County Rental Market
The Buckingham County, VA area has a population of about 16,914 and 24% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Buckingham County, VA have fallen by $216/month (22.5%) over the past year, from $959 to $743. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.
Affordability
To afford a 1-bedroom apartment in Buckingham County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,080. The local median household income of $59,199 exceeds that threshold by $33,119, making Buckingham County relatively accessible compared to local wages.
Economy & Jobs
Buckingham County, VA has an unemployment rate of 3.7%, 0.2 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2021Is Buckingham County, VA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in VAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Madison County | $907 | $913 | $1,096 | $1,361 | — |
| Warren County | $1,063 | $1,108 | $1,449 | $1,930 | — |
| King and Queen County | $1,032 | $1,075 | $1,170 | $1,435 | — |
| Richmond | $1,456 | $1,517 | $1,651 | $2,039 | — |
| Roanoke | $1,186 | $1,250 | $1,464 | $2,022 | — |
| Lynchburg | $965 | $971 | $1,117 | $1,547 | — |
Rent or Buy in Buckingham County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Buckingham County data
Renting appears to be the better financial choice for this scenario.
Living in Buckingham County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Buckingham CountySalary needed to afford rent here
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