Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 64,565 ↑ 2.0% since 2020 |
| Median Household Income | $63,060 15% below national median |
| Median Home Value | $213,800 |
| Unemployment Rate | 4.0% |
| Median Age | 39.9 years |
| Housing Vacancy Rate | 8.2% |
| Total Land Sales (Past 12 Months) | 114 transactions |
| Active Listings | 71 properties |
| Avg Days on Market | 612 days |
Rural Land Sales (1+ Acres) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $2,680 |
| Recent Sales | 100 transactions |
| Avg Days on Market | 619 days |
| Avg Parcel Size | 36.50 acres |
| Active Listings | 55 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 74.50 | $110,000 | $1,477 | Jonesville |
| Feb 2026 | 27.51 | $240,000 | $8,724 | Rose Hill |
| Jan 2026 | 34.00 | $150,000 | $4,412 | Jonesville |
| Dec 2025 | 14.70 | $52,000 | $3,537 | Pennington Gap |
| Dec 2025 | 4.45 | $12,000 | $2,697 | Ben Hur |
| Dec 2025 | 3.70 | $87,000 | $23,514 | Big Stone Gap |
| Nov 2025 | 34.46 | $40,000 | $1,161 | Saint Charles |
| Oct 2025 | 2.30 | $10,000 | $4,348 | Rose Hill |
| Oct 2025 | 12.62 | $70,000 | $5,547 | Rose Hill |
| Oct 2025 | 41.25 | $39,900 | $967 | Saint Charles |
Suburban/Urban Land Sales (Under 1 Acre) (Nov 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $12,500 |
| Recent Sales | 14 transactions |
| Avg Days on Market | 561 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 16 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Jan 2026 | 0.48 | $22,000 | Jonesville |
| Jan 2026 | 0.50 | $22,000 | Jonesville |
| Dec 2025 | 0.35 | $52,000 | Jonesville |
| Nov 2025 | 0.21 | $10,000 | Rose Hill |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 22,042 |
| Population (2020) | 22,173 |
| Population Growth | -0.59% |
| Median Household Income | $42,269 |
| Median Home Value | $98,700 |
| Total Housing Units | 10,857 |
| Vacant Housing Units | 2,411 |
| Housing Vacancy Rate | 22.2% |
| Median Age | 45.4 |
| Bachelor's Degree or Higher | 1,514 (6.9%) |
| Unemployment Rate (BLS) | 4.5% |
Market Overview
Lee County, Virginia has a population of 22,042, which has declined 0.59% since 2020. The median household income is $42,269, below the national median of $74,580 by 43.3%. With a median home value of $98,700 and an unemployment rate of 4.5%, the local economy is struggling. The housing vacancy rate of 22.2% suggests soft market conditions. Lee County remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $2,680 per acre, with properties averaging 36.50 acres. There are currently 71 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lee County, Virginia?
As of the 2023 American Community Survey, Lee County has a population of 22,042. The county has declined 0.59% since the 2020 Census.
What is the median household income in Lee County?
The median household income in Lee County is $42,269, which is 43.3% below the national median of $74,580.
Is Lee County growing or shrinking?
Lee County is shrinking. The population has declined 0.59% since 2020.
What is the housing market like in Lee County?
The median home value in Lee County is $98,700. The housing vacancy rate is 22.2%, which suggests soft market conditions. The unemployment rate is 4.5%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $2,680 per acre. Suburban/urban lots under 1 acre have a median lot price of $12,500.
Does Reelvest buy land in Lee County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Lee 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.