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Nelsonia

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

Median Home$157,400
Median Rent$956/month
Population494
Leading IndustriesTransportation · Healthcare · Construction10% transportation
Home Value Growth⬆⬆⬆+26.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners78% of occupied units
NotableVeteran Community18% of residents · top 1% nationally
Nelsonia
VA

Frequently Asked Questions

What are today's mortgage rates in Nelsonia?

As of today, the 30-year fixed mortgage rate for Nelsonia is approximately 7.088% (7.133% 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 Nelsonia?

The median home value in Nelsonia is $157k. The median monthly rent is $956. Annual property taxes average $716. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nelsonia?

Home values in Nelsonia have increased 26.8% 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 Nelsonia?

Based on a typical all-in ownership cost of $780/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 Nelsonia is $72k/year.

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What industries drive the economy in Nelsonia?

The largest employment sectors in Nelsonia are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.