Cost of Living in Botetourt County, Virginia

$951/mo

Median Monthly Rent

$268,900

Median Home Value

17% below state averageUnaffordable

At a Glance

Median Monthly Rent

$951/mo

17% below state average

Median Home Value

$268,900

5% below national

Rent-to-Income Ratio

21.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Botetourt County Compares

Median monthly rent comparison

Botetourt County$951/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$951/mo

Median Gross Rent

$268,900

Median Home Value

$978/mo

Monthly Owner Cost

21.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Botetourt County, Virginia

Botetourt residents earn more, pay less

Botetourt County's rent-to-income ratio of 14.2% sits well below the 30% affordability mark, and the median income of $80,467 exceeds the national average by over $5,700. This combination—higher-than-average income plus lower-than-average housing burden—positions Botetourt as one of Virginia's strongest housing values.

Best affordability in the region

Botetourt's 14.2% rent-to-income ratio beats Virginia's 18.6% state average, and at $80,467, the median income ranks among the state's highest. The county delivers both strong local wages and reasonable rents, a rare combination in competitive housing markets.

Highest income, nearly lowest rent

Botetourt's median income of $80,467 tops nearby Augusta ($79,972) and Bedford ($77,644), while rents are nearly identical across the three at $951, $1,057, and $955 respectively. This income advantage makes Botetourt the most comfortable choice for renters and homebuyers in the central Virginia cluster.

Strong income cushion for all households

Renters allocate $951 monthly (14.2% of income) while homeowners spend $978 (also roughly 14.2%), both well within the affordable range on a median income of $80,467. The median home value of $268,900 is accessible to area earners, making both renting and buying realistic options.

Botetourt: buy or rent with confidence

Moving to Virginia's Blue Ridge region? Botetourt County combines the region's strongest median income ($80,467) with competitive rents ($951) and moderate home prices ($268,900). Its 14.2% rent-to-income ratio is among the state's best—a genuine advantage worth investigating before relocating.

Affordability Calculator

See how your income compares to housing costs in Botetourt County

Your Annual Household Income

Rent Burden

14.2%

of gross income

Max Housing (28% Rule)

$1,878

per month

Owner Cost Burden

14.6%

of gross income

The median home in Botetourt County may be a stretch

Median home value is $268,900. Estimated monthly cost: $2,147 vs. your max of $1,878.

Rent Affordability Guide

Your rent-to-income ratio14.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Botetourt County, Virginia?

Botetourt County, Virginia has a median monthly rent of $951/mo and a median home value of $268,900. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.

What is the median rent in Botetourt County?

The median gross rent in Botetourt County is $951/mo. This is 17% below state average for Virginia.

Is Botetourt County affordable?

Botetourt County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Botetourt County's rent compare to the state average?

Botetourt County's median rent of $951/mo is 17% below state average of $1,140/mo for Virginia.

What is the median home value in Botetourt County?

The median home value in Botetourt County, Virginia is $268,900. This is 5% below the national median home value of $281,900.