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Motley

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

Median Home$129,725
Median Rent$764/month
Population863
Leading IndustriesRetail · Finance & Insurance · Information & Media22% retail
Home Value Growth⬆⬆+14.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners71% of occupied units
NotableAffordable Market$130k median home · lower cost than 81% of the country
Motley
VA

Frequently Asked Questions

What are today's mortgage rates in Motley?

As of today, the 30-year fixed mortgage rate for Motley is approximately 6.982% (7.024% 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 Motley?

The median home value in Motley is $130k. The median monthly rent is $764. Annual property taxes average $832. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Motley?

Home values in Motley have increased 14.1% 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 Motley?

Based on a typical all-in ownership cost of $629/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 Motley is $46k/year.

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What industries drive the economy in Motley?

The largest employment sectors in Motley are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.