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Seven Mile Ford

Learn about the people, housing, costs and businesses in Seven Mile Ford, Virginia

Median Home$153,262
Median Rent$703/month
Population526
Leading IndustriesTransportation · Manufacturing · Retail4% transportation
Home Value Growth⬆⬆+11.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners64% of occupied units
NotableAffordable Market$153k median home · lower cost than 73% of the country
Seven Mile Ford
VA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Seven Mile Ford?

As of today, the 30-year fixed mortgage rate for Seven Mile Ford is approximately 6.866% (6.901% 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 Seven Mile Ford?

The median home value in Seven Mile Ford is $153k. The median monthly rent is $703. Annual property taxes average $803. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Seven Mile Ford?

Home values in Seven Mile Ford have increased 11.8% 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 Seven Mile Ford?

Based on a typical all-in ownership cost of $644/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Seven Mile Ford is $41k/year.

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What industries drive the economy in Seven Mile Ford?

The largest employment sectors in Seven Mile Ford are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.