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Staunton

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

Median Home$279,714
Median Rent$1,021/month
Population25,948
Leading IndustriesPublic Administration · Arts, Food & Hospitality31% public administration
Home Value Growth⬆⬆⬆+21.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners61% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit83/100 · excellent transit access
Staunton
VA

Frequently Asked Questions

What are today's mortgage rates in Staunton?

As of today, the 30-year fixed mortgage rate for Staunton is approximately 6.947% (6.992% 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 Staunton?

The median home value in Staunton is $280k. The median monthly rent is $1,021. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Staunton?

Home values in Staunton have increased 21.4% 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 Staunton?

Based on a typical all-in ownership cost of $1,086/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Staunton is $68k/year.

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What industries drive the economy in Staunton?

The largest employment sectors in Staunton are public administration (31%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.