Virginia Cabins for Sale - 129 Properties (2024)

FAQs

Do cabins hold their value? ›

Cabins have great appreciation value as long as they are properly maintained.

Virginia's diverse landscapes and rich heritage make it an attractive destination for land buyers. According to a 2022 report from Virginia Tech Cooperative Extension, the average price of farmland in Virginia was $4,700 per acre, reflecting a steady increase in value over the past decade.

There are currently 29,642 homes for sale in Virginia. The median list price in Virginia is $449,900 and the average price per square foot is $221.

Virginia Housing Market Overview

In June 2024, home prices in Virginia were up 6.5% compared to last year, selling for a median price. On average, the number of homes sold was down 10.4% year over year and there were 10,550 homes sold in June this year, down 11,768 homes sold in June last year.

What is the Lifespan of a Log Cabin? Log cabins are known for their sturdiness and ability to withstand harsh weather. The average lifespan of log cabins is about 60 years, with some lasting for as long as a century. However, the lifespan of a log cabin heavily relies on how well it is maintained.

Double the Maintenance

You must replace things like the HVAC or the roof every so often. You also need to make repairs and keep pests away. Owning a cabin may double your current maintenance costs. It will need all the same types of work you've come to expect in your primary home.

This abundance of rural land, combined with Virginia's strong agricultural sector that contributes about $70 billion annually to the state's economy, makes it an attractive option for both residential and agricultural land purchases.

As Virginia's largest City, Suffolk is 430 square miles of rich land with woods, lakes, rivers, and rolling terrain - not to mention wise development and the use of it - that make this area bountiful for residents and businesses alike.

#1: Roanoke

With a median home sale price of $225,000, Roanoke comes in at number one on our list of most affordable places to live in Virginia. There are about 100,000 residents living in this mid-sized city.

Is it cheaper to build or buy a house in Virginia? ›

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $310,100 on average to build a home in Virginia. This figure can add up to $460,100 if you include land costs, excavations, permits, and other expenses.

The months from March to June are the best time to buy a house in Virginia. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Some 30% of the 1.67 million renter households in Virginia have little or no confidence in their ability to pay rent on July 1. According to a weekly survey by the Census, 1 in 5 adults in the state either missed their last housing payment or have little/no confidence of being able to make next month's housing payment.

The average credit score required in Virginia is 712. Down Payment and Closing Cost Requirement: Allocate 20% of the home's sale price towards a down payment, and budget 2% to 5% for closing costs.

You have to buy insurance. A cabin can be a good investment if you buy one in the right location, keep it in top condition, or use it as a vacation rental. But it's important to make the decision carefully and learn the pros and cons of buying a cabin because it isn't guaranteed to be a good investment.

Owning a cabin can be both rewarding and profitable. With the growing trend of nature-based vacations and the increasing demand for out-of-the-ordinary stays, a well-located and well-maintained cabin can generate significant rental income.

If you put together a lodging cabin rental facility, consisting of 15 rental cabins in less than 2 years, your Gross Profit would exceed $1.25 million.

You Have More Cost Control: When buying a log cabin, you're at the mercy of the market. Depending on the market, you may end up severely overpaying for a log cabin home! However, when building a log home, you can substitute some things for others to keep costs at a comfortable rate.