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Campbell County, VA

RANK #911 / 996  ·  POP 55,518  ·  VA

PROJECTED GROWTH: -1.8%

Campbell County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Campbell County?

The village of Rustburg, the county seat, was established in 1784 when Jeremiah Rust donated land for a courthouse. Campbell County, Virginia, located in the south-central Piedmont region, borders the independent city of Lynchburg to its north. Commutes to Lynchburg are typically short, around 10-15 minutes. The county's landscape features rolling hills and proximity to the Blue Ridge Mountains, offering outdoor recreation opportunities like hiking trails and access to the Staunton River and Leesville Lake for fishing and paddling.

Life in Campbell County offers a blend of rural and suburban living, with many residents owning their homes. The public school system is above average, with all schools fully accredited. The economy, historically rooted in agriculture, particularly tobacco, has diversified. Recent economic developments include investments in industrial infrastructure, such as a new industrial building in Seneca Commerce Park, and a focus on attracting new businesses and supporting existing manufacturing operations. The county also emphasizes agribusiness and small business support.

[02] Market Snapshot

Housing Ratio
9.6x

Overvalued relative to economy

GDP Growth

No data

Home Prices
+1.0%

Below national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 9.6x — 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

Campbell County U.S. National

The Numbers

DEMOGRAPHICS
Population
55,518
-0.25% YoY
Median Household Income
$59,022
Median Home Value
$183,100
+0.96% 12mo
Median Rent
$792
Average Annual Pay
$57,594
+4.5% YoY
Employment
18,480
+1.4% YoY
Income-to-Home-Value
0.3223
More affordable than average
Migration Inflow
5.57%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$272,500
Days on Market
57
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
23.3%
Listings w/ Price Drops
13.8%
Building Permits (2024)
315
Single-Family Permits
258

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

[05] Capital Investment

$233M
TOTAL
PROJECT AMOUNT STATUS
Altavista Solar Farm
Apex Clean Energy (developer), DEPCOM Power (EPC)
$80M Operating
Gladys Solar
Energix Renewables
$53M Planned
BWXT Innovation Campus
BWX Technologies, Inc.
$50M Under Construction
Holiday Inn Express & Restaurant Development
Daly 7 Hospitality Group
$50M Proposed

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

[06] Score Breakdown

Population Growth -0.2% 18 percentile
Income Growth +9.5% 72 percentile
Vacancy Rate 0.9% 65 percentile
Home Price Change +1.0% 44 percentile
Rent Growth +2.1% 35 percentile
Price/Rent 10x 88 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Campbell County has a Boom Town Index score of 8/100, ranking #911 among 996 U.S. counties. With job growth at +1.4% and a median household income of $59,022, it faces some economic headwinds compared to faster-growing counties.

Is Campbell County affordable?

The median home value in Campbell County is $183,100 with median rent at $792/month. The income-to-home-value ratio is 0.3223, which is more affordable than the national average.

Is Campbell County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.4%. Home values changed +1.0% in the past 12 months.

Are people moving to Campbell County?

Yes — 5.57% of Campbell County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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