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Galax city Housing Market

Virginia · 133 counties · Ranked #764 in home value

Below National Avg

Housing at a Glance

Median Home Value

$126,800

vs national$126,800 vs $281,900 national

Median Gross Rent

$692/mo

vs national$692 vs $1,163 national

Effective Tax Rate

0.76%

vs national0.76% vs 1.02% national

Median Household Income

$41,438

vs national$41,438 vs $74,755 national

Affordability Ratio

3.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$962

Tax as % of Home Value

0.76%

Monthly Owner Cost

$827

Renter Income

$24,981

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Frequently Asked Questions

What is the median home value in Galax city?

The median home value in Galax city is $126,800. This is below the national median of $281,900.

How much is rent in Galax city?

The median gross rent in Galax city is $692 per month.

What is the property tax rate in Galax city?

The effective property tax rate in Galax city is 0.76%. The median annual property tax bill is $962.

Is Galax city affordable?

With a home-value-to-income ratio of 3.1x, Galax city is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.