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Glade Spring

Learn about the people, housing, costs and businesses in Glade Spring, Virginia

Median Home$167,300
Median Rent$865/month
Population1,554
Leading IndustriesPublic Administration · Manufacturing · Retail31% public administration
Home Value Growth⬆⬆⬆+23.2% over 2 years
Retirees27% of residentsabove average nationally
Homeowners76% of occupied units
Glade Spring
VA

Frequently Asked Questions

What are today's mortgage rates in Glade Spring?

As of today, the 30-year fixed mortgage rate for Glade Spring is approximately 7.033% (7.074% 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 Glade Spring?

The median home value in Glade Spring is $167k. The median monthly rent is $865. Annual property taxes average $938. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glade Spring?

Home values in Glade Spring have increased 23.2% 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 Glade Spring?

Based on a typical all-in ownership cost of $814/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 Glade Spring is $70k/year.

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What industries drive the economy in Glade Spring?

The largest employment sectors in Glade Spring are public administration (31%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.