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Port Republic

Learn about the people, housing, costs and businesses in Port Republic, Virginia

Median Home$278,000
Median Rent$1,003/month
Population436
Leading IndustriesWholesale Trade · Retail10% wholesale trade
Home Value Growth⬆⬆+19.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
Port Republic
VA

Frequently Asked Questions

What are today's mortgage rates in Port Republic?

As of today, the 30-year fixed mortgage rate for Port Republic is approximately 6.900% (6.936% 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 Port Republic?

The median home value in Port Republic is $278k. The median monthly rent is $1,003. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Republic?

Home values in Port Republic have increased 19.7% 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 Port Republic?

Based on a typical all-in ownership cost of $864/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Republic is $80k/year.

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What industries drive the economy in Port Republic?

The largest employment sectors in Port Republic are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.