Cost of Living in New Kent County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
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 New Kent County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
New Kent County ranks #2,992 of 3,142 counties for affordability (bottom 5%)
Sourced county brief
New Kent County Median Gross Rent Reaches 1,721 Dollars
New Kent County, Virginia, reported a median gross rent of $1,721 per month in the 2020-2024 American Community Survey. This figure is $551 higher than the Virginia unweighted county mean of $1,170. The official median gross rent as a percentage of household income (GRAPI) was 23.1%, which is 5.5 percentage points lower than the state unweighted county mean of 28.6%. For homeowners, the median selected monthly owner costs for all units were $1,673, exceeding the state unweighted county mean of $1,190. The median home value was estimated at $393,600, which is $97,792 above the state unweighted county mean of $295,808. Median renter-household income was significantly higher than many areas at $84,534. These statistics represent a fixed observation period and do not indicate direction or speed of market changes. See ACS table B25064 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: New Kent County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.1% of renter household income in New Kent 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 $1,721 per month; median selected monthly owner costs are $1,673. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $68,840 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. New Kent County's $1,721 median is 47.1% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in New Kent County
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$2,877
per month
Owner Cost Burden
16.3%
of gross income
The median home in New Kent County may be a stretch
Median home value is $393,600. Estimated monthly cost: $3,142 vs. your max of $2,877.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: 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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