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Rockingham County, VA

RANK #511 / 996  ·  POP 83,905  ·  VA

PROJECTED GROWTH: +0.7%

Rockingham County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Rockingham County?

Rockingham County, Virginia, located in the central Shenandoah Valley, is defined by its natural surroundings, with the Blue Ridge Mountains to the east and the Allegheny Mountains to the west. The county surrounds the independent city of Harrisonburg, home to James Madison University. Public transportation options are available through Harrisonburg's bus routes and ValleyRide, which connects to surrounding towns like Broadway and Timberville. Outdoor recreation is a significant draw, with portions of Shenandoah National Park and George Washington National Forest within the county, offering extensive trails, scenic drives like Skyline Drive, and opportunities for hiking, biking, and water activities. Life in Rockingham County is characterized by a family-friendly atmosphere and a strong sense of community. The public school system is recognized for its above-average performance. The economy is diversified, with agriculture, education, and advanced manufacturing playing roles. Recent economic developments include a significant investment by Merck to establish a pharmaceutical manufacturing center in the county. Additionally, the Innovation Village at Rockingham is a mixed-use development planned to include retail, office, medical, commercial, and residential components.

[02] Market Snapshot

Housing Ratio
11.1x

Overvalued relative to economy

GDP Growth

No data

Home Prices
+2.6%

Outpacing national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks overvalued at 11.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Rockingham County U.S. National

The Numbers

DEMOGRAPHICS
Population
83,905
+0.98% YoY
Median Household Income
$73,232
Median Home Value
$266,900
+2.63% 12mo
Median Rent
$1,078
Average Annual Pay
$57,264
+4.2% YoY
Employment
35,104
+0.6% YoY
Income-to-Home-Value
0.2744
More affordable than average
Migration Inflow
4.55%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$349,000
Days on Market
57
Moderate pace
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
98.5%
Near asking price
Sold Above List
20.2%
Listings w/ Price Drops
15.7%
Building Permits (2024)
683
Single-Family Permits
613

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

Population Growth +1.0% 71 percentile
Income Growth +8.5% 51 percentile
Vacancy Rate 0.3% 99 percentile
Home Price Change +2.6% 67 percentile
Rent Growth +5.3% 82 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Rockingham County, VA a good place to move to?

Rockingham County has a Boom Town Index score of 49/100, ranking #511 among 996 U.S. counties. With job growth at +0.6% and a median household income of $73,232, it faces some economic headwinds compared to faster-growing counties.

Is Rockingham County affordable?

The median home value in Rockingham County is $266,900 with median rent at $1,078/month. The income-to-home-value ratio is 0.2744, which is more affordable than the national average.

Is Rockingham County growing or shrinking?

Population growth: +1.0% year-over-year. Job growth: +0.6%. Home values changed +2.6% in the past 12 months.

Are people moving to Rockingham County?

Yes — 4.55% of Rockingham County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greene County, MO 59 Cullman County, AL 59 Rockingham County, NH 59 Dane County, WI 59 Calhoun County, AL 59 Washtenaw County, MI 59 Franklin County, PA 59 Van Zandt County, TX 59