Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 555,151 ↑ 0.4% since 2020 |
| Median Household Income | $83,703 12% above national median |
| Median Home Value | $279,400 |
| Unemployment Rate | 3.3% |
| Median Age | 39.1 years |
| Housing Vacancy Rate | 3.4% |
| Total Land Sales (Past 12 Months) | 198 transactions |
| Active Listings | 144 properties |
| Avg Days on Market | 330 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $22,685 |
| Recent Sales | 145 transactions |
| Avg Days on Market | 319 days |
| Avg Parcel Size | 8.90 acres |
| Active Listings | 120 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 2.06 | $190,000 | $92,233 | Lancaster |
| Feb 2026 | 2.74 | $20,000 | $7,310 | Lancaster |
| Feb 2026 | 2.74 | $20,000 | $7,310 | Lancaster |
| Feb 2026 | 1.81 | $259,999 | $143,646 | White Stone |
| Feb 2026 | 5.29 | $170,000 | $32,136 | Lancaster |
| Feb 2026 | 10.45 | $70,000 | $6,700 | White Stone |
| Feb 2026 | 10.20 | $39,000 | $3,823 | Lancaster |
| Feb 2026 | 1.68 | $17,500 | $10,417 | Lancaster |
| Jan 2026 | 31.00 | $125,000 | $4,032 | Lancaster |
| Jan 2026 | 31.00 | $125,000 | $4,032 | Lancaster |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $23,000 |
| Recent Sales | 53 transactions |
| Avg Days on Market | 362 days |
| Avg Parcel Size | 0.70 acres |
| Active Listings | 24 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.51 | $2,000 | Lancaster |
| Feb 2026 | 0.50 | $10,000 | Lancaster |
| Jan 2026 | 0.37 | $13,000 | Lancaster |
| Jan 2026 | 0.41 | $99,000 | Lancaster |
| Dec 2025 | 0.68 | $22,500 | White Stone |
| Dec 2025 | 0.54 | $10,000 | Lancaster |
| Nov 2025 | 0.90 | $1,400,000 | Irvington |
| Nov 2025 | 0.90 | $1,400,000 | Irvington |
| Oct 2025 | 0.70 | $53,000 | Lancaster |
| Sep 2025 | 0.67 | $11,000 | Weems |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 10,876 |
| Population (2020) | 10,919 |
| Population Growth | -0.39% |
| Median Household Income | $67,169 |
| Median Home Value | $307,600 |
| Total Housing Units | 7,483 |
| Vacant Housing Units | 2,015 |
| Housing Vacancy Rate | 26.9% |
| Median Age | 59.1 |
| Bachelor's Degree or Higher | 1,900 (17.5%) |
| Unemployment Rate (BLS) | 4.4% |
Market Overview
Lancaster County, Virginia has a population of 10,876, which has declined 0.39% since 2020. The median household income is $67,169, below the national median of $74,580 by 9.9%. With a median home value of $307,600 and an unemployment rate of 4.4%, the local economy is moderate. The housing vacancy rate of 26.9% suggests soft market conditions. Lancaster County is part of Virginia's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $22,685 per acre, with properties averaging 8.90 acres. There are currently 144 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lancaster County, Virginia?
As of the 2023 American Community Survey, Lancaster County has a population of 10,876. The county has declined 0.39% since the 2020 Census.
What is the median household income in Lancaster County?
The median household income in Lancaster County is $67,169, which is 9.9% below the national median of $74,580.
Is Lancaster County growing or shrinking?
Lancaster County is shrinking. The population has declined 0.39% since 2020.
What is the housing market like in Lancaster County?
The median home value in Lancaster County is $307,600. The housing vacancy rate is 26.9%, which suggests soft market conditions. The unemployment rate is 4.4%, indicating a moderate local economy. Recent rural land sales (1+ acres) show a median price of $22,685 per acre. Suburban/urban lots under 1 acre have a median lot price of $23,000.
Does Reelvest buy land in Lancaster County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Lancaster County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.