Cost of Living in Patrick County, Virginia

$721/mo

Median Monthly Rent

$146,500

Median Home Value

37% below state averageUnaffordable

At a Glance

Median Monthly Rent

$721/mo

37% below state average

Median Home Value

$146,500

48% below national

Rent-to-Income Ratio

27.0%

% 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 Patrick County Compares

Median monthly rent comparison

Patrick County$721/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$721/mo

Median Gross Rent

$146,500

Median Home Value

$512/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Patrick County, Virginia

Patrick County offers accessible housing costs

Patrick County's 17.0% rent-to-income ratio ranks well below national averages, delivering genuine affordability in rural Southwest Virginia. Although the median household income of $50,938 falls 32% below the national median, the county's $721 rent keeps housing costs proportionally light.

Patrick County edges below state average

At 17.0%, Patrick County's rent-to-income ratio beats Virginia's state average of 18.6%, placing it among the commonwealth's most affordable counties. The county's $721 median rent runs $419 below the state median of $1,140, reflecting the lower cost of living in rural Southwest Virginia.

Patrick County ties for best affordability

Patrick County's $721 rent sits between Norton city ($670) and Page County ($851), while its 17.0% ratio ties Page County for the best balance among these Southwest Virginia communities. The county's modest income base makes this combination genuinely accessible for working families.

Patrick County's budget-friendly housing

Renters spend $721 monthly while homeowners commit just $512—making homeownership significantly cheaper than renting for those who can qualify. On a median income of $50,938, housing costs consume 17% of earnings whether renting or buying, leaving meaningful room for families to thrive.

Patrick County: rural affordability wins

Patrick County attracts budget-conscious movers seeking rural Virginia living with exceptional affordability, featuring median home values under $147,000 and rents near $721. Families earning the county median of $50,938 will find both renting and buying comfortably sustainable here.

Affordability Calculator

See how your income compares to housing costs in Patrick County

Your Annual Household Income

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,189

per month

Owner Cost Burden

12.1%

of gross income

You can likely afford the median home in Patrick County

Median home value is $146,500. Estimated monthly cost: $1,170 vs. your max of $1,189.

Rent Affordability Guide

Your rent-to-income ratio17.0%

Recommended max30.0%

Frequently Asked Questions

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

Patrick County, Virginia has a median monthly rent of $721/mo and a median home value of $146,500. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Patrick County?

The median gross rent in Patrick County is $721/mo. This is 37% below state average for Virginia.

Is Patrick County affordable?

Patrick County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Patrick County's median rent of $721/mo is 37% below state average of $1,140/mo for Virginia.

What is the median home value in Patrick County?

The median home value in Patrick County, Virginia is $146,500. This is 48% below the national median home value of $281,900.