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Augusta County, VA

Wayne

RANK #348 / 996 NAT  ·  #2 / 37 VA  ·  POP 77,433

1YR FORECAST: +2.0%

5YR OUTLOOK: +28%

#25 Most Overvalued
Our model projects above-average housing market growth for Augusta County at +2.0% over the next year.

[01] Why Augusta County?

Augusta County, Virginia, in the heart of the Shenandoah Valley, offers access to natural landmarks like Natural Chimneys, known for its towering limestone formations and as a music festival venue. The county is situated between the Blue Ridge and Allegheny Mountains, providing scenic views and extensive outdoor recreation opportunities. Major interstates I-81 and I-64 run through the county, with the independent cities of Staunton and Waynesboro located within its borders. Commuting is facilitated by these interstates and local transit options like the BRITE bus service, which connects Staunton, Waynesboro, and Fishersville, and the Afton Express for travel to Charlottesville.

Life in Augusta County is characterized by a blend of rural and small-town living, with many residents owning their homes. The public school system, serving over 10,000 students across 19 schools, is fully accredited. The local economy is supported by sectors such as manufacturing, agriculture, and logistics. Recent economic developments include investments in industrial and commercial construction, with major employers contributing to the job market. The county's economic development efforts also focus on attracting new businesses and supporting existing ones.

[02] Market Snapshot

Housing Ratio
11.6x

Overvalued relative to economy

Home Prices
+3.8%

Outpacing national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 11.6x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Augusta Health (Augusta Medical Center) Healthcare
    1,000+
  2. 2
    Target Corp. Retail
  3. 3
    Augusta County School Board Education
  4. 4
    Hershey Chocolate of Virginia Manufacturing
  5. 5
    McKee Foods Corporation Manufacturing
  6. 6
    AAF McQuay, Inc. Manufacturing
  7. 7
    Hollister, Inc. Manufacturing
  8. 8
    County of Augusta Government
  9. 9
    NIBCO of Virginia Manufacturing
  10. 10
    U.P.S. Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Augusta County U.S. National

The Numbers

DEMOGRAPHICS
Population
77,433
+0.63% YoY
Median Household Income
$76,124
Median Home Value
$267,100
+3.78% 12mo
Median Rent
$1,019
Average Annual Pay
$59,516
+3.8% YoY
Employment
29,861
+0.4% YoY
Income-to-Home-Value
0.285
More affordable than average
Migration Inflow
5.2%
of pop. from another state
Bachelor's Degree+
23.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$331,000
Days on Market
53
Moderate pace
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
23.9%
Listings w/ Price Drops
13.7%
Building Permits (2024)
357
Single-Family Permits
300

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.3
per 100K · nat avg 6.3
Firearm Fatalities
17.0
per 100K · nat avg 14.8
Injury Deaths
85.1
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$554M
TOTAL
PROJECT AMOUNT STATUS
Valley 230 kV Battery Storage
Undisclosed
$210M Planned
Community Solar Portfolio (Augusta CSG & Waynesboro Bridge Solar)
Dimension Renewable Energy
$105M Operating
Amazon Fulfillment Center
Amazon
$100M Operating
Shamrock Farms Expansion
Shamrock Farms
$59M Under Construction
Augusta County Courthouse Construction
Augusta County
$50M Under Construction
CAVA Processing & Packaging Plant
CAVA
$30M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth +0.6% 58 percentile
Income Growth +10.2% 82 percentile
Vacancy Rate 0.8% 74 percentile
Home Price Change +3.8% 80 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 16x 28 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 65/100, Augusta County sits in the upper half of all 996 ranked counties. and median household income stands at $76,124 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in VA.

Is Augusta County affordable?

Housing in Augusta County is roughly in line with national affordability norms. The median home costs $267,100 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,019/month. Not a bargain, but not a stretch for most local earners either.

Is Augusta County growing or shrinking?

Augusta County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.4%). Home values shifted +3.8% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Augusta County?

In significant numbers — 5.2% of Augusta County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Henrico County, VA 68 Franklin County, VA 61 Portsmouth city, VA 60 Hanover County, VA 59 Richmond city, VA 55 Culpeper County, VA 54 Natrona County, WY 65 Union County, OH 65