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Pounding Mill

Learn about the people, housing, costs and businesses in Pounding Mill, Virginia

Median Home$136,350
Median Rent$836/month
Population380
Leading IndustriesProfessional Services · Transportation · Arts, Food & Hospitality3% professional services
Home Value Growth+7.4% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners78% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableVeteran Community10% of residents · top 14% nationally
Pounding Mill
VA

Frequently Asked Questions

What are today's mortgage rates in Pounding Mill?

As of today, the 30-year fixed mortgage rate for Pounding Mill is approximately 6.891% (6.927% 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 Pounding Mill?

The median home value in Pounding Mill is $136k. The median monthly rent is $836. Annual property taxes average $741. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pounding Mill?

Home values in Pounding Mill have increased 7.4% 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 Pounding Mill?

Based on a typical all-in ownership cost of $576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pounding Mill is $46k/year.

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What industries drive the economy in Pounding Mill?

The largest employment sectors in Pounding Mill are public administration (28%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.