Safe Rate Local

Blacksburg

Learn about the people, housing, costs and businesses in Blacksburg, Virginia

Median Home$455,584
Median Rent$1,303/month
Population45,734
Leading IndustriesPublic Administration · Education · Arts, Food & Hospitality41% public administration
Home Value Growth+7.7% over 2 years
Young Adults64% of residentstop 1% nationally
Renters62% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableHighly Educated23% bachelor's · 24% graduate · top 23% nationally
Blacksburg
VA

Frequently Asked Questions

What are today's mortgage rates in Blacksburg?

As of today, the 30-year fixed mortgage rate for Blacksburg is approximately 6.831% (6.871% 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 Blacksburg
What is the median home price in Blacksburg?

The median home value in Blacksburg is $456k. The median monthly rent is $1,303. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Blacksburg?

Home values in Blacksburg have increased 7.7% over the past two years. This represents moderate growth. 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 Blacksburg?

Based on a typical all-in ownership cost of $1,280/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Blacksburg is $57k/year.

Calculate your buying power
What industries drive the economy in Blacksburg?

The largest employment sectors in Blacksburg are public administration (41%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.