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Augusta Springs

Learn about the people, housing, costs and businesses in Augusta Springs, Virginia

Median Home$186,200
Median Rent$807/month
Population250
Leading IndustriesArts, Food & Hospitality · Healthcare · Finance & Insurance11% arts, food & hospitality
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners69% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableVeteran Community9% of residents · top 22% nationally
Augusta Springs
VA

Frequently Asked Questions

What are today's mortgage rates in Augusta Springs?

As of today, the 30-year fixed mortgage rate for Augusta Springs is approximately 6.955% (6.996% 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 Augusta Springs?

The median home value in Augusta Springs is $186k. The median monthly rent is $807. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Augusta Springs?

Home values in Augusta Springs have increased 16.8% 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 Augusta Springs?

Based on a typical all-in ownership cost of $816/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Augusta Springs is $57k/year.

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What industries drive the economy in Augusta Springs?

The largest employment sectors in Augusta Springs are public administration (26%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.