Quick facts: Radford, VA

Quick Facts

106
Cost of Living
above US average
16,738
Population
14.28
Crime Rate per 1000
below US average
$51,039
Median Income
below US average
$239,900
Median House Price
above US average
$1218.18
Average Rent
below US average
18%
Poverty Rate
above US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $51,039.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $51,039
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Income Needed to Rent

⚠ Stretch
$52k/year
Based on $1218.18/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $52k vs median $51,039
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Radford, VA

Radford, Virginia, is a charming small city located in the New River Valley, known for its rich history and vibrant community. With a population of around 17,000, Radford offers a blend of urban and rural living, making it an attractive place for residents and visitors alike. Home to Radford University, the city boasts a youthful energy and a strong educational presence, contributing to its dynamic atmosphere. The university hosts various cultural and sporting events, enhancing the local community's engagement. Radford is also known for its picturesque surroundings, with the New River providing opportunities for outdoor activities such as hiking, fishing, and kayaking. The city's parks, including Bisset Park and Wildwood Park, offer recreational spaces for families and individuals to enjoy. Additionally, Radford features a quaint downtown area with local shops, restaurants, and cafes, showcasing the charm of small-town life. The city's close-knit community and commitment to preserving its historical roots make it a unique and inviting destination in the heart of Virginia.

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