Cost of Living in Clarke County, Virginia

$1,360/mo
Median Monthly Rent
$538,900
Median Home Value
19% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,360/mo
19% above state average
Median Home Value
$538,900
91% above national
Rent-to-Income Ratio
34.0%
% 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 Clarke County Compares

Median monthly rent comparison

Clarke County$1,360/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,360/mo
Median Gross Rent
$538,900
Median Home Value
$1,743/mo
Monthly Owner Cost
34.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clarke County, Virginia

Clarke County's rents are remarkably affordable for wealthy residents

At 14.3%, Clarke County boasts one of Virginia's lowest rent-to-income ratios, well below the national comfort threshold of 18.6%, leaving renters ample income for savings and other expenses. The county's median household income of $114,185 is 53% above the national average, creating substantial housing affordability cushion despite a $1,360 monthly rent.

Clarke County leads Virginia in housing affordability rankings

Clarke's 14.3% rent-to-income ratio significantly outperforms Virginia's 18.6% state average, making it one of the most affordable counties in the state—though with the caveat of exceptionally high incomes. This rare combination of low rent burden and high earnings makes Clarke an outlier among Virginia's housing markets.

Clarke offers luxury living with small-town affordability

Clarke's $1,360 rent is cheapest among comparable affluent counties (Culpeper at $1,417, Chesterfield at $1,542), yet its median home value of $538,900 is the region's highest. Clarke appears to attract wealthy residents willing to pay for property ownership while maintaining reasonable rental markets.

Owners carry premium costs; renters enjoy exceptional deals

Renters pay just $1,360 monthly while homeowners carry $1,743 in monthly costs, a $383 difference reflecting Clarke's expensive real estate market. At 14.3% of their $9,515 monthly income, renters spend only $1,362 on housing—among Virginia's best housing-income ratios.

Clarke County rewards well-earning relocators handsomely

If you're moving with a household income above $100K and seeking small-town Virginia character with exceptional affordability, Clarke County delivers—especially for renters willing to enjoy its Shenandoah Valley location. Aspiring homebuyers should understand that property values here ($539K median) demand substantial down payments despite affordable rents.

Affordability Calculator

See how your income compares to housing costs in Clarke County

$

Rent Burden

14.3%

of gross income

Max Housing (28% Rule)

$2,664

per month

Owner Cost Burden

18.3%

of gross income

The median home in Clarke County may be a stretch

Median home value is $538,900. Estimated monthly cost: $4,302 vs. your max of $2,664.

Rent Affordability Guide

Your rent-to-income ratio14.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clarke County, Virginia?
Clarke County, Virginia has a median monthly rent of $1,360/mo and a median home value of $538,900. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.
What is the median rent in Clarke County?
The median gross rent in Clarke County is $1,360/mo. This is 19% above state average for Virginia.
Is Clarke County affordable?
Clarke County is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clarke County's rent compare to the state average?
Clarke County's median rent of $1,360/mo is 19% above state average of $1,140/mo for Virginia.
What is the median home value in Clarke County?
The median home value in Clarke County, Virginia is $538,900. This is 91% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.