Radford city, Virginia Housing Market
In Radford city, Virginia, the median home value is $220,700, with a median monthly rent of $1,033. This places Radford city at #1182 nationally out of 3134 counties by median home value, and #85 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,054
- Establishments: 332
- BLS QCEW, 2025
Housing Supply
- Single-family: 11
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,841 (avg $61,325)
- Outflow: 4,300 (avg $64,387)
- IRS Statistics of Income
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| Metric | Radford city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $220,700 | $295,807 | $227,706 |
| Median Gross Rent | $1,033 | $1,169 | $968 |
| Owner Occupancy Rate | 42.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 17.8 | 20.3 | 18.7 |
Market Analysis
The median home value in Radford city is 25.4% below the Virginia state average and 3.1% below the U.S. national average. The median rent of $1,033/month is 11.6% below the state average.
With a price-to-rent ratio of 17.8, the buy-vs-rent decision in Radford city is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Radford city has an owner-occupancy rate of 42.3%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cape Girardeau County | Missouri | $220,700 | $881 |
| Waseca County | Minnesota | $220,800 | $883 |
| Doña Ana County | New Mexico | $220,800 | $934 |
| Fillmore County | Minnesota | $221,100 | $797 |
| Brown County | South Dakota | $221,100 | $777 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Prince Edward County | $216,600 | $931 | 58.0% |
| Southampton County | $216,200 | $930 | 76.1% |
| Floyd County | $225,400 | $878 | 83.9% |
| Washington County | $214,000 | $854 | 75.8% |
| Amherst County | $212,400 | $871 | 80.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).