The Farm Real Estate Market in Harrisonburg and Rockingham County

Last year we wrote a blog post about the multi-family home market in our area, which highlighted key points regarding investment and rental income for the past year. Now we’d like to take a closer look at another part of our area’s real estate market — the farm. The Shenandoah Valley is a wonderful place to maintain a farm. It is very picturesque, like something out of a child’s story book.

But besides the look and feel of the farm, what is the market like?

Currently Listed Farms

  • There are currently 32 farms on the market in Harrisonburg and Rockingham County.
  • Their list prices range from $195,900 to just under $5 million.
  • The median list price for these 32 farms is $564,000.
  • Most of these farms are located in the Northeast portion of Rockingham County.
  • The average acreage for these 32 farms is 51.87 acres.
  • 7 of these farms do NOT have a residence on the property.

Sold Farms

  • 9 farms have sold in the past year.
  • Not surprisingly, none were located within Harrisonburg city limits. All were in Rockingham County.
  • The average selling price for these 9 farms was $622,333.
  • These 9 farms sat on the market for an average of 219 days — just over 7 months.
  • The average acreage for these 9 farms was 78.09 acres.
  • One of these farms does NOT have a residence on the property.

If you have any questions about how to go about searching for and purchasing a farm, contact us.

Search farms currently for sale in the entire area here!

Image credit: richreed
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About Lisa Oates

Lisa is the creative mind behind The Harrisonburg Homes Team, providing streamlined content management, quality authorship, and graphic design for Harrisonblog. She's passionate about blogging, enjoying life, and a good cup of coffee.

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