Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 29,585 ↓ 0.7% since 2020 |
| Median Household Income | $46,859 37% below national median |
| Median Home Value | $125,800 |
| Unemployment Rate | 3.0% |
| Median Age | 46.2 years |
| Housing Vacancy Rate | 16.9% |
| Total Land Sales (Past 12 Months) | 104 transactions |
| Active Listings | 57 properties |
| Avg Days on Market | 609 days |
Rural Land Sales (1+ Acres) (Sep 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $4,912 |
| Recent Sales | 69 transactions |
| Avg Days on Market | 594 days |
| Avg Parcel Size | 37.50 acres |
| Active Listings | 37 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jan 2026 | 4.03 | $60,000 | $14,888 | Marion |
| Dec 2025 | 51.87 | $225,000 | $4,338 | Atkins |
| Dec 2025 | 53.90 | $142,500 | $2,644 | Atkins |
| Dec 2025 | 89.53 | $400,000 | $4,468 | Rural Retreat |
| Nov 2025 | 3.20 | $10,500 | $3,281 | Chilhowie |
| Nov 2025 | 10.50 | $70,000 | $6,667 | Rural Retreat |
| Oct 2025 | 50.00 | $155,000 | $3,100 | Chilhowie |
| Sep 2025 | 121.20 | $362,500 | $2,991 | Ceres |
| Sep 2025 | 159.00 | $315,000 | $1,981 | Saltville |
| Sep 2025 | 1.00 | $22,000 | $22,000 | Chilhowie |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $11,250 |
| Recent Sales | 35 transactions |
| Avg Days on Market | 638 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 20 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.27 | $10,000 | Chilhowie |
| Nov 2025 | 0.97 | $4,500 | Chilhowie |
| Nov 2025 | 0.25 | $4,000 | Saltville |
| Sep 2025 | 0.17 | $5,000 | Marion |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 29,585 |
| Population (2020) | 29,800 |
| Population Growth | -0.72% |
| Median Household Income | $46,859 |
| Median Home Value | $125,800 |
| Total Housing Units | 15,080 |
| Vacant Housing Units | 2,550 |
| Housing Vacancy Rate | 16.9% |
| Median Age | 46.2 |
| Bachelor's Degree or Higher | 2,517 (8.5%) |
| Unemployment Rate (BLS) | 4.5% |
Market Overview
Smyth County, Virginia has a population of 29,585, which has declined 0.72% since 2020. The median household income is $46,859, below the national median of $74,580 by 37.2%. With a median home value of $125,800 and an unemployment rate of 4.5%, the local economy is struggling. The housing vacancy rate of 16.9% suggests soft market conditions. Smyth County remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $4,912 per acre, with properties averaging 37.50 acres. There are currently 57 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Smyth County, Virginia?
As of the 2023 American Community Survey, Smyth County has a population of 29,585. The county has declined 0.72% since the 2020 Census.
What is the median household income in Smyth County?
The median household income in Smyth County is $46,859, which is 37.2% below the national median of $74,580.
Is Smyth County growing or shrinking?
Smyth County is shrinking. The population has declined 0.72% since 2020.
What is the housing market like in Smyth County?
The median home value in Smyth County is $125,800. The housing vacancy rate is 16.9%, 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 $4,912 per acre. Suburban/urban lots under 1 acre have a median lot price of $11,250.
Does Reelvest buy land in Smyth County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Smyth 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.