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Parrott

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

Median Home$211,700
Median Rent$971/month
Population340
Leading IndustriesTransportation · Retail · Manufacturing5% transportation
Home Value Growth⬆⬆+14.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableTransit92/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Parrott
VA

Frequently Asked Questions

What are today's mortgage rates in Parrott?

As of today, the 30-year fixed mortgage rate for Parrott is approximately 7.029% (7.070% 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 Parrott?

The median home value in Parrott is $212k. The median monthly rent is $971. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parrott?

Home values in Parrott have increased 14.0% 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 Parrott?

Based on a typical all-in ownership cost of $770/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 Parrott is $69k/year.

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What industries drive the economy in Parrott?

The largest employment sectors in Parrott are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.