Counties / Virginia / Buckingham County

Buckingham County, VA

FIPS 51029 · population 16,976 · outside every metro area

$262k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$262k
▲ 3.1% year over year
Zillow ZHVI · direct
ACS median gross rent
$927
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$959
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+66.6%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.1%FHFA HPI2025+4.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$173k
Surveyed gross rent$927
Rent burden 30%+47.2%
Median year built1990
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
13.9%vacant
7,284estimated housing units
Occupied tenure22.7% renter
owner 77.3%renter 22.7%
Structure mix74.4% single-family
Single-family 74.4%20+ units 0.1%Mobile home 24.4%Other 1.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs3,026▼ 2.8% from the prior annual release
Covered establishments477annual average reporting locations
Average weekly wage$1,008▲ 5.2% from the prior annual release
Largest private supersectorEducation and health services29.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−2.8%WEEKLY WAGE+5.2%Education and health services29.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

At county level, Buckingham presents a tension between positive price measures and softer operating evidence. Underwriters relying on exit-price growth should be cautious and investigate income durability, listing execution and flood costs. Zillow’s county median home value was $261,519 in 2026-06, up 3.13%. FHFA’s annual 2025 repeat-transaction HPI rose 4.30%. Both point upward, but FHFA is an index rather than a home value and the observations use different vintages and methods, so their changes cannot be blended.

02Housing economics

Housing economics remain incomplete. Market asking rent is not published, so gross yield cannot be computed. HUD’s two-bedroom Fair Market Rent of $959 per month is a payment standard, not an estimate of county asking rent and cannot substitute for it. The effective property-tax rate is 0.52%; property-specific assessed value and the actual tax bill are still needed to test carrying costs against attainable rent.

03Demand & competition

Realtor.com’s matching MLS period shows visible active supply increased, while median marketing time was 47 days and 15.09% of listings had price reductions. These are listing-market measures of asking conditions and seller concessions, not closed-sale prices or proof of buyer demand alone. Tax-return migration was net positive by 72 households, with inbound average AGI higher by $4,943, a favorable but limited household-flow signal. Investor participation was 5 of 127 purchases, or 3.94%, indicating limited observed nonoccupant mortgage activity rather than a dominant buyer base.

04Risk & next checks

Risk limits matter most here. QCEW’s 2025 annual covered employment at county workplaces declined; this is not resident employment or an unemployment measure. Education and health services is the largest disclosed private supersector, but it does not describe the whole economy. The modeled climate-loss ratio is 0.11% of building value per year and aligns with inland-flood exposure, but it is not a parcel-specific loss estimate. Current rent comps, vacancy and lease pace are needed for income underwriting; closed-sale comps are needed for exit-price testing; and parcel flood maps, insurance quotes and condition reviews are needed to bound hazard and operating risk.

Cities & communities

Where people live within Buckingham County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Dillwyn town459Yogaville CDP288Buckingham Courthouse CDP227
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

3 Census places

Population
  1. 01
    Dillwyn townIncorporated place
    459
  2. 02
    Yogaville CDPCensus-designated place
    288
  3. 03
    Buckingham Courthouse CDPCensus-designated place
    227

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.109% of building value expected lost per year

Effective property tax0.52%

$906 median annual bill

02
DemandIRS SOI household flows
Net migration+72

387 in · 315 out

Arriving vs leaving income+$4,943

$48,587 arriving · $43,644 leaving

03
CompetitionHMDA financed purchases
Purchases by investors3.9%

5 of 127 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings48▲ 15.8% year over year
Median days on market47▲ 17.7% year over year
Listings price-reduced15.1%seller-concession signal
Median listing pricen/a▲ 3.5% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Published market rent, vacancy and lease-up evidence are absent, so income coverage and gross yield may not support the observed home value and tax burden.
  2. Net migration may not translate into durable tenant demand while annual covered workplace employment is declining.
  3. Parcel-level flood exposure, insurance availability and property condition could differ materially from the county-level modeled climate-loss ratio.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. Market asking rent is not published, and HUD Fair Market Rent is a payment standard rather than market rent.

Do the MLS figures establish closed-sale pricing or strong buyer demand?

No. They describe active listings, asking-price reductions and marketing time, not closed transactions or buyer demand by themselves.

What does the record show about investor participation?

Investor purchases were 5 of 127 total purchases, representing a 3.94% investor share.