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Opal

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

Median Home$550,836
Median Rent$2,084/month
Population800
Leading IndustriesRetail · Healthcare22% retail
Home Value Growth+6.3% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners84% of occupied units
NotableTransit89/100 · excellent transit access
NotableHigh Incomes$134k/year · top 6% nationally
Opal
VA

Frequently Asked Questions

What are today's mortgage rates in Opal?

As of today, the 30-year fixed mortgage rate for Opal is approximately 6.963% (7.003% 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 Opal?

The median home value in Opal is $551k. The median monthly rent is $2,084. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Opal?

Home values in Opal have increased 6.3% over the past two years. This represents moderate growth. 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 Opal?

Based on a typical all-in ownership cost of $2,246/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $96k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Opal is $134k/year.

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What industries drive the economy in Opal?

The largest employment sectors in Opal are retail (22%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.