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Passapatanzy

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

Median Home$432,300
Median Rent$1,906/month
Population1,176
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare10% education
Home Value Growth⬆⬆⬆+25.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners89% of occupied units
NotableHigh Incomes$145k/year · top 4% nationally
NotableVeteran Community9% of residents · top 22% nationally
Passapatanzy
VA

Frequently Asked Questions

What are today's mortgage rates in Passapatanzy?

As of today, the 30-year fixed mortgage rate for Passapatanzy is approximately 6.889% (6.925% 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 Passapatanzy?

The median home value in Passapatanzy is $432k. The median monthly rent is $1,906. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Passapatanzy?

Home values in Passapatanzy have increased 25.5% 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 Passapatanzy?

Based on a typical all-in ownership cost of $1,874/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Passapatanzy is $145k/year.

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What industries drive the economy in Passapatanzy?

The largest employment sectors in Passapatanzy are healthcare (13%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.