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Harrisonburg city Housing Market

Virginia · 133 counties · Ranked #2541 in home value

Below National Avg

Housing at a Glance

Median Home Value

$278,200

vs national$278,200 vs $281,900 national

Median Gross Rent

$1,120/mo

vs national$1,120 vs $1,163 national

Effective Tax Rate

0.78%

vs national0.78% vs 1.02% national

Median Household Income

$59,752

vs national$59,752 vs $74,755 national

Affordability Ratio

4.7x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$2,172

Tax as % of Home Value

0.78%

Monthly Owner Cost

$1,191

Renter Income

$43,660

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Similar Counties by Home Value

Hoonah-Angoon Census Area

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Frequently Asked Questions

What is the median home value in Harrisonburg city?

The median home value in Harrisonburg city is $278,200. This is below the national median of $281,900.

How much is rent in Harrisonburg city?

The median gross rent in Harrisonburg city is $1,120 per month.

What is the property tax rate in Harrisonburg city?

The effective property tax rate in Harrisonburg city is 0.78%. The median annual property tax bill is $2,172.

Is Harrisonburg city affordable?

With a home-value-to-income ratio of 4.7x, Harrisonburg 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.