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New Baltimore

Learn about the people, housing, costs and businesses in New Baltimore, Virginia

Median Home$690,184
Median Rent$2,808/month
Population11,044
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services19% arts, food & hospitality
Home Value Growth⬆⬆+11.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$167k/year · top 2% nationally
NotableVeteran Community14% of residents · top 3% nationally
New Baltimore
VA

Frequently Asked Questions

What are today's mortgage rates in New Baltimore?

As of today, the 30-year fixed mortgage rate for New Baltimore is approximately 6.807% (6.840% 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 New Baltimore?

The median home value in New Baltimore is $690k. The median monthly rent is $2,808. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Baltimore?

Home values in New Baltimore have increased 11.3% 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 New Baltimore?

Based on a typical all-in ownership cost of $2,445/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Baltimore is $167k/year.

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What industries drive the economy in New Baltimore?

The largest employment sectors in New Baltimore are healthcare (20%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.