CostBy County

Cost of Living in Greene County, Virginia

$1,309/mo
Median Monthly Rent
$343,300
Median Home Value

At a Glance

Median Monthly Rent
$1,309/mo
12% above state average
Median Home Value
$343,300
3% above national
Census GRAPI
24.3%
Median gross rent as % of renter income

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

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Greene County Compares

Median monthly rent comparison

Greene County$1,309/mo
Virginia Average$1,170/mo
National Median$1,413/mo

Detailed Housing Stats

$1,309/mo
Median Gross Rent
$343,300
Median Home Value
$1,391/mo
Monthly Owner Cost
24.3%
Census GRAPI

National Ranking

Affordability Rank

Greene County ranks #2,751 of 3,142 counties for affordability (bottom 12%)

Most AffordableLeast Affordable

Sourced county brief

Greene County Renter Median Income Estimated at $72,014

In Greene County, Virginia, the median renter-household income is estimated at $72,014. The official median gross rent as a percentage of household income (GRAPI) in the county is 24.3%, which is 4.3 percentage points below the Virginia unweighted county mean of 28.6%. Median gross rent in the county is $1,309 per month, which is $139 higher than the state unweighted county mean of $1,170. For homeowners, the median value of owner-occupied units is $343,300, compared to the state unweighted county mean of $295,808. Median selected monthly owner costs for all units were estimated at $1,391, while the state unweighted county mean for these costs is $1,190. These figures are based on the 2020-2024 ACS 5-Year Estimates. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Greene County

Affordability Verdict

ACS B25071 estimates median gross rent at 24.3% of renter household income in Greene County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $1,309 per month; median selected monthly owner costs are $1,391. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $52,360 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The Virginia unweighted mean of county median rents is $1,170 per month. Greene County's $1,309 median is 11.9% above that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Greene County

$

Rent Burden

17.5%

of gross income

Max Housing (28% Rule)

$2,096

per month

Owner Cost Burden

18.6%

of gross income

The median home in Greene County may be a stretch

Median home value is $343,300. Estimated monthly cost: $2,741 vs. your max of $2,096.

Rent Affordability Guide

Your entered rent as a share of entered income17.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $89,808Needed: $52,360
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $89,808Needed: $59,614
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $89,808Needed: $79,895

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Greene County, Virginia?
Greene County, Virginia has a median monthly rent of $1,309/mo and a median home value of $343,300. The affordability rating is Affordable, with median gross rent equal to approximately 24.3% of renter household income.
What is the median rent in Greene County?
The median gross rent in Greene County is $1,309/mo. This is 12% above state average for Virginia.
Is Greene County affordable?
Greene County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 24.3%. Median gross rent is under 30% of renter household income.
How does Greene County's rent compare to the state average?
Greene County's median rent of $1,309/mo is 12% above state average of $1,170/mo for Virginia.
What is the median home value in Greene County?
The median home value in Greene County, Virginia is $343,300. This is 3% above the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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