Cost of Living in Greensville County, Virginia

$960/mo

Median Monthly Rent

$159,200

Median Home Value

16% below state averageUnaffordable

At a Glance

Median Monthly Rent

$960/mo

16% below state average

Median Home Value

$159,200

44% below national

Rent-to-Income Ratio

32.0%

% 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 Greensville County Compares

Median monthly rent comparison

Greensville County$960/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$960/mo

Median Gross Rent

$159,200

Median Home Value

$753/mo

Monthly Owner Cost

32.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Greensville County, Virginia

Greensville struggles above state average

Greensville County's rent-to-income ratio of 20.3% exceeds Virginia's state average of 18.6%, despite a median household income of $56,759 that's 24% below the national average. Low wages combined with moderate-to-high rents create affordability pressure for this southside Virginia county.

Below-average income, above-average strain

Greensville ranks in the bottom 30% of Virginia counties for affordability, with its 20.3% rent-to-income ratio placing it among the state's most stressed housing markets. The $960 monthly median rent runs 16% above the state average, reflecting regional housing dynamics unmatched by local wage growth.

Costly for a rural county

Greensville's $960 rent exceeds rural Giles by $180 monthly and Grayson by $248, yet household incomes trail both counties' earnings. Halifax County to the east offers slightly cheaper rent at $769 with comparable incomes, making it a better affordability choice for this region.

Housing takes significant budget share

Renters dedicate 20.3% of their $56,759 annual income to a $960 monthly apartment, while homebuyers pay $753 on a median home value of $159,200. Housing costs consume roughly 27% of household earnings, creating tight monthly budgets in Greensville.

Consider Halifax or Giles first

Greensville's housing costs outpace regional norms without matching income levels, making it a riskier relocation choice than nearby alternatives. Compare it to Halifax County—similar income, cheaper rent—or explore Giles County if you value stronger affordability margins.

Affordability Calculator

See how your income compares to housing costs in Greensville County

Your Annual Household Income

Rent Burden

20.3%

of gross income

Max Housing (28% Rule)

$1,324

per month

Owner Cost Burden

15.9%

of gross income

You can likely afford the median home in Greensville County

Median home value is $159,200. Estimated monthly cost: $1,271 vs. your max of $1,324.

Rent Affordability Guide

Your rent-to-income ratio20.3%

Recommended max30.0%

Frequently Asked Questions

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

Greensville County, Virginia has a median monthly rent of $960/mo and a median home value of $159,200. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.

What is the median rent in Greensville County?

The median gross rent in Greensville County is $960/mo. This is 16% below state average for Virginia.

Is Greensville County affordable?

Greensville County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Greensville County's median rent of $960/mo is 16% below state average of $1,140/mo for Virginia.

What is the median home value in Greensville County?

The median home value in Greensville County, Virginia is $159,200. This is 44% below the national median home value of $281,900.