Safe Rate Local

Alleghany County

Learn about the people, housing, costs and businesses in Alleghany County County

Median Home$127,592
Median Rent$798/month
Population14,859
Leading IndustriesFinance & Insurance · Information & Media · Retail7% finance & insurance
Home Value Growth⬆⬆⬆+24.4% over 2 years
Retirees26% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$128k median home · lower cost than 81% of the country
Alleghany County
VA

Frequently Asked Questions

What are today's mortgage rates in Alleghany County?

As of today, the 30-year fixed mortgage rate for Alleghany County is approximately 7.150% (7.183% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Alleghany County
What is the median home price in Alleghany County?

The median home value in Alleghany County is $128k. The median monthly rent is $798. Annual property taxes average $988. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alleghany County?

Home values in Alleghany County have increased 24.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alleghany County?

Based on a typical all-in ownership cost of $556/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alleghany County is $55k/year.

Calculate your buying power
What industries drive the economy in Alleghany County?

The largest employment sectors in Alleghany County are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas