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Apple Mountain Lake

Learn about the people, housing, costs and businesses in Apple Mountain Lake, Virginia

Median Home$401,800
Median Rent$1,696/month
Population1,401
Leading IndustriesArts, Food & Hospitality · Healthcare · Wholesale Trade22% arts, food & hospitality
Home Value Growth⬆⬆+12.6% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHigh Incomes$123k/year · top 8% nationally
Apple Mountain Lake
VA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Apple Mountain Lake?

As of today, the 30-year fixed mortgage rate for Apple Mountain Lake is approximately 6.897% (6.933% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Apple Mountain Lake?

The median home value in Apple Mountain Lake is $402k. The median monthly rent is $1,696. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Apple Mountain Lake?

Home values in Apple Mountain Lake have increased 12.6% 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 Apple Mountain Lake?

Based on a typical all-in ownership cost of $1,822/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Apple Mountain Lake is $123k/year.

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What industries drive the economy in Apple Mountain Lake?

The largest employment sectors in Apple Mountain Lake are healthcare (24%) and arts, food, and hospitality (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.