Goochland County, Virginia Land Value Study

Pinnacle Valuation Group maintains a database of verified rural land sales throughout Central Virginia to support appraisal assignments involving farms, estates, recreational land, conservation properties, and rural acreage. This market study summarizes recent land sales activity in Goochland County, Virginia.

Overview

Goochland County continues to experience strong demand for rural acreage due to its proximity to Richmond, quality road network, and attractive mix of agricultural, recreational, and estate properties. Recent transactions indicate an active market for larger tracts, particularly those offering road frontage, recreational appeal, or potential homesite locations.

For this study, sales over 20 acres and greater than $100,000 were analyzed. Improved properties and atypical sales were reviewed separately to focus on underlying land market trends.

Market Observations

Recent vacant land sales generally ranged from approximately $5,000 to $10,000 per acre, with a median vacant land value of approximately $8,400 per acre. Several larger tracts with road frontage and desirable locations commanded prices toward the upper end of the range. The county continues to show significant variation in value based on location, access, development potential, and physical characteristics. Tracts within commuting distance of western Henrico County and Short Pump often command premiums relative to more remote rural locations.

Market Statistics

Sales Analyzed: 16 transactions
Total Acreage: 1,206 acres
Median Price Per Acre (All Sales): Approximately $9,200 per acre
Median Price Per Acre (Vacant Land): Approximately $8,400 per acre
Vacant Land Average: Approximately $8,100 per acre

Conclusion

Recent market activity suggests continued strength in Goochland County's rural land market. While individual property characteristics can significantly influence value, vacant land transactions generally support a market range centered around the mid-$8,000 per acre level for larger acreage tracts during the study period. Purchasers remain attracted to the county's combination of rural character, accessibility, and long-term desirability.