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Prince George

Learn about the people, housing, costs and businesses in Prince George, Virginia

Median Home$303,140
Median Rent$1,695/month
Population2,426
Leading IndustriesEducation · Retail · Transportation3% education
Home Value Growth⬆⬆+16.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$85k/year · top 30% nationally
Prince George
VA

Frequently Asked Questions

What are today's mortgage rates in Prince George?

As of today, the 30-year fixed mortgage rate for Prince George is approximately 6.944% (6.982% 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 Prince George?

The median home value in Prince George is $303k. The median monthly rent is $1,695. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prince George?

Home values in Prince George have increased 16.8% 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 Prince George?

Based on a typical all-in ownership cost of $1,381/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prince George is $85k/year.

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What industries drive the economy in Prince George?

The largest employment sectors in Prince George are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.