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Ivanhoe

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

Median Home$155,807
Median Rent$697/month
Population521
Leading IndustriesRetail · Finance & Insurance · Manufacturing22% retail
Home Value Growth⬆⬆⬆+21.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners88% of occupied units
NotableAffordable Market$156k median home · lower cost than 72% of the country
Ivanhoe
VA

Frequently Asked Questions

What are today's mortgage rates in Ivanhoe?

As of today, the 30-year fixed mortgage rate for Ivanhoe is approximately 7.050% (7.095% 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 Ivanhoe?

The median home value in Ivanhoe is $156k. The median monthly rent is $697. Annual property taxes average $850. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ivanhoe?

Home values in Ivanhoe have increased 21.2% 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 Ivanhoe?

Based on a typical all-in ownership cost of $620/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ivanhoe is $56k/year.

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What industries drive the economy in Ivanhoe?

The largest employment sectors in Ivanhoe are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.