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Galax

Learn about the people, housing, costs and businesses in Galax County

Median Home$146,698
Median Rent$741/month
Population6,726
Leading IndustriesHealthcare · Arts, Food & Hospitality · Manufacturing13% healthcare
Home Value Growth⬆⬆+19.5% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners56% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableVeteran Community9% of residents · top 20% nationally
Galax City
VA

Frequently Asked Questions

What are today's mortgage rates in Galax?

As of today, the 30-year fixed mortgage rate for Galax is approximately 6.962% (7.003% 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 Galax?

The median home value in Galax is $147k. The median monthly rent is $741. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Galax?

Home values in Galax have increased 19.5% 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 Galax?

Based on a typical all-in ownership cost of $765/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Galax is $39k/year.

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What industries drive the economy in Galax?

The largest employment sectors in Galax are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas