Counties / Virginia / Page County

Page County, VA

FIPS 51139 · population 23,727 · outside every metro area

$313k
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
$313k
▲ 3.2% year over year
Zillow ZHVI · direct
ACS median gross rent
$879
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
$924
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+61.5%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.2%FHFA HPI2025+5.1%
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$233k
Surveyed gross rent$879
Rent burden 30%+39.5%
Median year built1974
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
17.1%vacant
11,955estimated housing units
Occupied tenure28.2% renter
owner 71.8%renter 28.2%
Structure mix85.3% single-family
Single-family 85.3%20+ units 1.7%Mobile home 9.1%Other 3.9%
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 jobs5,534▼ 0.3% from the prior annual release
Covered establishments619annual average reporting locations
Average weekly wage$868▲ 4.6% from the prior annual release
Largest private supersectorLeisure and hospitality21.4% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.3%WEEKLY WAGE+4.6%Leisure and hospitality21.4%
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

Page County presents a price-appreciation versus income-and-liquidity verification tension: buyers able to obtain parcel rents, taxes and flood costs should investigate; yield-dependent buyers should remain cautious. Zillow’s county observation for 2026-06 places the median home value at $312,958, up 3.19% year over year. FHFA’s separate 2025 annual repeat-transaction HPI rose 5.10% and reports 61.51% cumulative five-year growth. The index supports positive price direction but is not a home value, and its vintage and method should not be blended with Zillow’s change.

02Housing economics

No county market rent is published, so gross yield cannot be computed. The $924 HUD two-bedroom FMR is a payment standard, not an estimate of asking rent and cannot substitute for it. The reported effective property-tax rate is 0.64%; it is a carrying-cost input, not a tax estimate for a target parcel. Thus the record cannot test whether the county value level is supported by rent after taxes or other carrying costs.

03Demand & competition

Realtor.com’s MLS data list 93 active listings; median marketing time was 65 days, up 28.71% year over year. This is listing-market evidence, not proof of buyer demand or a closed-sale trend. Tax-return migration produced net migration of 25 households, and incoming movers’ average income exceeded outgoing movers’ by $15,840; these are mover characteristics, not occupancy demand. The record’s investor measure is 44 of 296 purchases, or 14.86%; it captures non-occupant purchase-mortgage activity, not pricing power or acquisition terms.

04Risk & next checks

Risk screening should center on inland flood: the modeled annual building-value loss ratio is 0.20%, but it is county-level modeling rather than a parcel flood determination or insurance quote. QCEW measures covered jobs at county workplaces, not resident employment or an outlook. Leisure and hospitality is the largest disclosed private supersector, not the entire economy. Market rent, vacancy, lease concessions, closed-sale comparables, parcel flood mapping, insurance quotes and debt terms are not published. Their absence prevents cash-flow, exit-price and asset-level hazard conclusions.

Cities & communities

Where people live within Page 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
Luray town4.8KShenandoah town2.9KStanley town2K
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
    Luray townIncorporated place
    4,827
  2. 02
    Shenandoah townIncorporated place
    2,888
  3. 03
    Stanley townIncorporated place
    2,034

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

0.200% of building value expected lost per year

Effective property tax0.64%

$1,497 median annual bill

02
DemandIRS SOI household flows
Net migration+25

453 in · 428 out

Arriving vs leaving income+$15,840

$67,817 arriving · $51,977 leaving

03
CompetitionHMDA financed purchases
Purchases by investors14.9%

44 of 296 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 listings93▼ 15.4% year over year
Median days on market65▲ 28.7% year over year
Listings price-reduced16.2%seller-concession signal
Median listing pricen/a▲ 6.1% 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 is absent, so cash flow and gross yield may not support the purchase price and carrying costs.
  2. County-level inland-flood modeling may not reflect a target parcel’s flood zone, insurance cost or mitigation needs.
  3. Longer MLS marketing time may indicate weaker liquidity than the active-listing count alone suggests.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market rent is not published, and HUD FMR is a payment standard rather than market asking rent.

Does the Realtor.com evidence prove buyer demand or closed-sale pricing?

No. It describes the MLS listing market: visible supply, asking-price conditions and marketing time.

What does the QCEW labor measure represent?

It is annual covered employment at workplaces in the county, not resident employment, unemployment or a forecast.