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Lee County Housing Market

Virginia · 133 counties · Ranked #253 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$98,700

vs national$98,700 vs $281,900 national

Median Gross Rent

$725/mo

vs national$725 vs $1,163 national

Effective Tax Rate

0.59%

vs national0.59% vs 1.02% national

Median Household Income

$42,269

vs national$42,269 vs $74,755 national

Affordability Ratio

2.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

38.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$586

Tax as % of Home Value

0.59%

Monthly Owner Cost

$408

Renter Income

$21,467

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Frequently Asked Questions

What is the median home value in Lee County?

The median home value in Lee County is $98,700. This is below the national median of $281,900.

How much is rent in Lee County?

The median gross rent in Lee County is $725 per month.

What is the property tax rate in Lee County?

The effective property tax rate in Lee County is 0.59%. The median annual property tax bill is $586.

Is Lee County affordable?

With a home-value-to-income ratio of 2.3x, Lee County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.