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Harrisonburg

Learn about the people, housing, costs and businesses in Harrisonburg

Median Home$328,880
Median Rent$1,189/month
Population136,992
Leading IndustriesConstruction · Agriculture & Mining · Retail3% construction
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults36% of residentswell above average
Homeowners63% of occupied units
Harrisonburg

Frequently Asked Questions

What are today's mortgage rates in Harrisonburg?

Mortgage rates for Harrisonburg are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Harrisonburg?

The median home value in Harrisonburg is $329k. The median monthly rent is $1,189. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Harrisonburg?

Home values in Harrisonburg have increased 13.6% 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 Harrisonburg?

Based on a typical all-in ownership cost of $1,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Harrisonburg is $76k/year.

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What industries drive the economy in Harrisonburg?

The largest employment sectors in Harrisonburg are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.