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Central Garage

Learn about the people, housing, costs and businesses in Central Garage, Virginia

Median Home$321,896
Median Rent$1,152/month
Population1,901
Leading IndustriesWholesale Trade · Information & Media · Transportation11% wholesale trade
Home Value Growth⬆⬆+17.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners92% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$90k/year · top 25% nationally
Central Garage
VA

Frequently Asked Questions

What are today's mortgage rates in Central Garage?

As of today, the 30-year fixed mortgage rate for Central Garage is approximately 6.931% (6.968% 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 Central Garage?

The median home value in Central Garage is $322k. The median monthly rent is $1,152. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Central Garage?

Home values in Central Garage have increased 17.2% 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 Central Garage?

Based on a typical all-in ownership cost of $1,391/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Central Garage is $90k/year.

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What industries drive the economy in Central Garage?

The largest employment sectors in Central Garage are public administration (19%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.