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Bracey

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

Median Home$203,417
Median Rent$665/month
Population1,376
Leading IndustriesEducation · Public Administration · Arts, Food & Hospitality4% education
Home Value Growth⬆⬆⬆+25.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 12% nationally
Bracey
VA

Frequently Asked Questions

What are today's mortgage rates in Bracey?

As of today, the 30-year fixed mortgage rate for Bracey is approximately 6.934% (6.971% 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 Bracey?

The median home value in Bracey is $203k. The median monthly rent is $665. Annual property taxes average $676. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bracey?

Home values in Bracey have increased 25.0% 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 Bracey?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bracey is $63k/year.

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What industries drive the economy in Bracey?

The largest employment sectors in Bracey are public administration (30%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.