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Rockingham County, VA

Ashby

RANK #453 / 996 NAT  ·  #8 / 37 VA  ·  POP 83,905

1YR FORECAST: +0.9%

5YR OUTLOOK: +25%

#31 Most Overvalued
Rockingham County's housing market is projected to grow +0.9% over the next year, tracking near the national average.

[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

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] Top Employers

  1. 1
    Sentara Healthcare Healthcare
    2,500+
  2. 2
    Rockingham County Public Schools Education
    1,000+
  3. 3
    James Madison University Education
  4. 4
    Cargill Meat Solutions Manufacturing
  5. 5
    Walmart Retail
  6. 6
    Merck & Co., Inc. Manufacturing
  7. 7
    Perdue Farms, Inc. Manufacturing
  8. 8
    Great Eastern Resort Management (Massanutten Resort) Hospitality
  9. 9
    Pilgrim's Pride Corporation Manufacturing
  10. 10
    County of Rockingham Government

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

[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
Bachelor's Degree+
28.8%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
3.0
per 100K · nat avg 6.3
Firearm Fatalities
11.1
per 100K · nat avg 14.8
Injury Deaths
76.6
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] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
35.7
Good
Good Air Days
89%
970 of 1,093 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
34
2023
37
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Frequently Asked Questions

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

Rockingham County scores 54/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#453). Median household income is $73,232 and job growth is running at +0.6%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Rockingham County affordable?

Housing in Rockingham County is roughly in line with national affordability norms. The median home costs $266,900 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,078/month. Not a bargain, but not a stretch for most local earners either.

Is Rockingham County growing or shrinking?

Rockingham County's population is growing — up +1.0% YoY — while the job market is roughly flat (employment change of +0.6%). Home values shifted +2.6% 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 Rockingham County?

There's a moderate stream of newcomers. About 4.55% of residents moved from another state, which is above average and suggests Rockingham County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Culpeper County, VA 54 Richmond city, VA 55 Newport News city, VA 53 Hanover County, VA 59 Portsmouth city, VA 60 Franklin County, VA 61 Cape Girardeau County, MO 54 Cabell County, WV 54