Cost of Living in Grayson County, Virginia

$712/mo

Median Monthly Rent

$132,300

Median Home Value

38% below state averageUnaffordable

At a Glance

Median Monthly Rent

$712/mo

38% below state average

Median Home Value

$132,300

53% below national

Rent-to-Income Ratio

31.0%

% 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 Grayson County Compares

Median monthly rent comparison

Grayson County$712/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$712/mo

Median Gross Rent

$132,300

Median Home Value

$438/mo

Monthly Owner Cost

31.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Grayson County, Virginia

Grayson's affordability masks strain

Grayson County's 19.9% rent-to-income ratio edges above Virginia's state average of 18.6%, but its median household income of just $42,864 is 43% below the national median. The low rents of $712 monthly are offset by lower earnings, making affordability feel tight despite low nominal prices.

Rural affordability, limited incomes

Grayson ranks in the bottom quartile of Virginia counties for household income, though its rent-to-income ratio remains slightly above state average. At $712 monthly, Grayson has the cheapest rent in this comparison, but residents earn the least, reflecting the economic reality of rural southwest Virginia.

Cheapest rents, tightest budgets

Grayson's $712 rent is $68 below rural Giles County, but Grayson incomes run $21,955 lower, creating a more precarious affordability situation. Compared to Greensville County to the east, Grayson rents are $248 cheaper while incomes are $13,895 lower.

Low costs meet low income reality

Renters dedicate 19.9% of their $42,864 annual income to a $712 monthly apartment, while homebuyers pay $438 monthly on a median home value of $132,300. Housing consumes roughly 25% of household earnings—technically manageable, but leaving little room for emergencies or savings.

Grayson suits those rooted in place

Grayson offers rock-bottom housing costs, but consider income prospects before relocating—jobs here are limited and wages lag statewide. If you're remote-working or retiring with stable income, Grayson's affordability is unbeatable; otherwise, Giles County to the south offers similar costs with better earning opportunities.

Affordability Calculator

See how your income compares to housing costs in Grayson County

Your Annual Household Income

Rent Burden

19.9%

of gross income

Max Housing (28% Rule)

$1,000

per month

Owner Cost Burden

12.3%

of gross income

The median home in Grayson County may be a stretch

Median home value is $132,300. Estimated monthly cost: $1,056 vs. your max of $1,000.

Rent Affordability Guide

Your rent-to-income ratio19.9%

Recommended max30.0%

Frequently Asked Questions

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

Grayson County, Virginia has a median monthly rent of $712/mo and a median home value of $132,300. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.

What is the median rent in Grayson County?

The median gross rent in Grayson County is $712/mo. This is 38% below state average for Virginia.

Is Grayson County affordable?

Grayson County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Grayson County's median rent of $712/mo is 38% below state average of $1,140/mo for Virginia.

What is the median home value in Grayson County?

The median home value in Grayson County, Virginia is $132,300. This is 53% below the national median home value of $281,900.