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Timberville

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

Median Home$248,710
Median Rent$1,039/month
Population3,283
Leading IndustriesManufacturing · Transportation · Public Administration2% manufacturing
Home Value Growth⬆⬆+12.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners69% of occupied units
Timberville
VA

Frequently Asked Questions

What are today's mortgage rates in Timberville?

As of today, the 30-year fixed mortgage rate for Timberville is approximately 6.990% (7.029% 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 Timberville?

The median home value in Timberville is $249k. The median monthly rent is $1,039. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Timberville?

Home values in Timberville have increased 12.3% 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 Timberville?

Based on a typical all-in ownership cost of $986/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Timberville is $71k/year.

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What industries drive the economy in Timberville?

The largest employment sectors in Timberville are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.