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Rockwood

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

Median Home$379,918
Median Rent$2,048/month
Population8,858
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation10% arts, food & hospitality
Home Value Growth⬆⬆⬆+23.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners83% of occupied units
NotableHigh Incomes$113k/year · top 11% nationally
NotableHighly Educated26% bachelor's · 12% graduate · top 16% nationally
Rockwood
VA

Frequently Asked Questions

What are today's mortgage rates in Rockwood?

As of today, the 30-year fixed mortgage rate for Rockwood is approximately 6.924% (6.961% 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 Rockwood?

The median home value in Rockwood is $380k. The median monthly rent is $2,048. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rockwood?

Home values in Rockwood have increased 23.8% 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 Rockwood?

Based on a typical all-in ownership cost of $1,590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rockwood is $113k/year.

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What industries drive the economy in Rockwood?

The largest employment sectors in Rockwood are public administration (24%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.