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Bedford County, VA

RANK #222 / 996  ·  POP 79,761  ·  VA

PROJECTED GROWTH: +1.9%

Bedford County combines solid growth with real affordability — a rare combination.

[01] Why Bedford County?

Bedford County, Virginia, is often recognized first for the National D-Day Memorial, a significant landmark honoring the sacrifices of World War II, particularly the "Bedford Boys" who suffered heavy losses on D-Day. Located in the Piedmont region at the foothills of the Blue Ridge Mountains, the county is situated between the cities of Lynchburg (30 minutes east) and Roanoke (40 minutes west), with US Route 460 connecting them. This positioning allows for commuting to both metropolitan areas. The community offers a sparse suburban feel, with natural beauty including the Peaks of Otter and Smith Mountain Lake, providing extensive outdoor recreation like hiking, biking, fishing, and boating.

Life in Bedford County attracts a mix of families, young professionals, and retirees, many of whom own their homes. The public schools are above average, and the county maintains a low cost of living compared to national averages. While historically agricultural, the economy has diversified. Recent economic developments include investments in site development for business and technology centers, and the county actively supports sectors such as manufacturing, nuclear energy, and wireless communications. Agriculture and tourism also remain important economic drivers.

[02] Market Snapshot

Housing Ratio
10.0x

Overvalued relative to economy

GDP Growth
+1.5%

Below national median

Home Prices
+2.7%

Outpacing national median

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 10.0x — 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

Bedford County U.S. National

The Numbers

DEMOGRAPHICS
Population
79,761
+0.73% YoY
Median Household Income
$74,773
Median Home Value
$263,900
+2.72% 12mo
Median Rent
$939
Average Annual Pay
$48,340
+1.3% YoY
Employment
18,602
-0.1% YoY
Income-to-Home-Value
0.2833
More affordable than average
Migration Inflow
5.04%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$410,000
Days on Market
57
Moderate pace
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
14.7%
Listings w/ Price Drops
14.3%
Building Permits (2024)
294
Single-Family Permits
266

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

[05] Capital Investment

$133M
TOTAL
PROJECT AMOUNT STATUS
Bedford Solar PV Park I
Orsted Wind Power North America (now owned by Virginia Electric and Power)
$70M Operating
Solarix Solar Module Manufacturing Facility
Solarix
$63M Under Construction

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

[06] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth +0.7% 62 percentile
Income Growth +5.5% 6 percentile
Vacancy Rate 0.7% 80 percentile
Home Price Change +2.7% 68 percentile
Rent Growth +0.4% 14 percentile
Price/Rent 16x 30 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Bedford County has a Boom Town Index score of 78/100, ranking #222 among 996 U.S. counties. With job growth at -0.1% and a median household income of $74,773, it's an above-average county on economic indicators.

Is Bedford County affordable?

The median home value in Bedford County is $263,900 with median rent at $939/month. The income-to-home-value ratio is 0.2833, which is more affordable than the national average.

Is Bedford County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: -0.1%. Home values changed +2.7% in the past 12 months.

Are people moving to Bedford County?

Yes — 5.04% of Bedford County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wood County, WI 88 Lorain County, OH 88 Gloucester County, NJ 88 Rensselaer County, NY 88 Lucas County, OH 88 Montgomery County, OH 88 Wayne County, PA 88 Dutchess County, NY 88