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Tazewell

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

Median Home$123,169
Median Rent$603/month
Population3,945
Leading IndustriesManufacturing · Transportation · Professional Services1% manufacturing
Home Value Growth+6.9% over 2 years
Retirees28% of residentswell above average
Homeowners71% of occupied units
NotableAffordable Market$123k median home · lower cost than 83% of the country
Tazewell
VA

Frequently Asked Questions

What are today's mortgage rates in Tazewell?

As of today, the 30-year fixed mortgage rate for Tazewell is approximately 6.973% (7.015% 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 Tazewell?

The median home value in Tazewell is $123k. The median monthly rent is $603. Annual property taxes average $697. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tazewell?

Home values in Tazewell have increased 6.9% 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 Tazewell?

Based on a typical all-in ownership cost of $617/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tazewell is $42k/year.

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What industries drive the economy in Tazewell?

The largest employment sectors in Tazewell are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.