Harrisonburg, VA Rent To Own Homes

Rent-to-Own Homes in Harrisonburg, VA: What You Need to Know 

Harrisonburg is a small city with a thriving culture. The cost of living is low and the job market is booming, attracting many young professionals interested in establishing their adult lives. The neighborhoods surrounding the city are popular among families and retirees.

What is the Cost of Living in Harrisonburg, VA?

One of the major draws of Harrisonburg is the low cost of living. Overall, it is 2% less expensive to live here compared to the national average. Grocery prices are 3% less, as well. Housing and all associated expenses are 4% cheaper here. The median home value is $332,000. The majority of residents, however, rent their homes. Studio and one-bedroom apartments cost $690. Two-bedrooms are around $900 per month, and three-bedrooms are $1,210 while four-bedrooms are roughly $1,580. 

Job Opportunities in Harrisonburg, VA 

Harrisonburg has a thriving job market. Top industries to keep an eye out for include technology, transportation, distribution and logistics, manufacturing, and food processing. The average salary for a Harrisonburg resident is $56,000 per year. The unemployment rate is 4.4%, well below the national average.

Weather and Climate

Residents of Harrisonburg, VA enjoy a humid, subtropical climate, meaning their summers are warm and humid, while their winters are cold and snowy. It rains a total of 167 days, accumulating 31” per year. May is the wettest month. It snows 23 days, gathering a total of 17”. March is the snowiest month. January is the coldest month, with temperatures dipping down to 23°F. July is the warmest month, with a peak of 84°F.

How Many People Live in Harrisonburg, VA?

54,000 people call Harrisonburg, VA home. Of this population, 22% is under 18 years old, and 10% is over 65. The median age of a Harrisonburg resident is 26. 83% of all residents are White, 9% are African American, 4% are Asian American, and 3% are Mixed. 84% of all adults have their high school diploma, and 36% have their bachelor’s degree. 25% of all people are living in poverty.

What Are the Best Neighborhoods in Harrisonburg, VA?

One of the best places in all of Virginia, Bridgewater is home to 6,000. Residents enjoy a quiet, suburban environment and top-rated public schools. Many young professionals and retirees have settled here. The median home value is $234,000 and just over half the residents own their homes. The median rent is $896. 

Another Virginia favorite, Dayton is popular among families and young professionals. Nearly 2,000 residents enjoy the quiet, suburban vibe and top public schools. The median home value is $231,000 and the majority of residents own their homes. The median rent is $769.

Belmont Estates is one of the best places to retire in the entire state. Just over 1,000 residents have settled here. These residents enjoy a quiet, rural environment and excellent public schools. The median home value is $336,000 and nearly every resident owns their home.