Cost of Living in Patrick 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 Patrick County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Patrick County ranks #188 of 3,142 counties for affordability (top 6%)
Sourced county brief
Patrick County Median Monthly Owner Costs Stand at $501
The median monthly owner cost for all owner-occupied units in Patrick County was $501, which is $689 below the Virginia unweighted county mean of $1,190. Based on the 2020-2024 ACS 5-Year Estimates, the median home value in the county was $153,400. In the rental market, the median gross rent was $716 per month. The official GRAPI (Gross Rent as a Percentage of Household Income) was 27.0%, a value that is 1.6 percentage points lower than the state unweighted county mean of 28.6%. Renter households in the county had a median income of $35,093. These statistics represent specific housing cost metrics for the 2020-2024 period and are presented without interpretation of market forces, economic drivers, or future pricing. See ACS table B25071 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: Patrick County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.0% of renter household income in Patrick 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 $716 per month; median selected monthly owner costs are $501. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $28,640 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. Patrick County's $716 median is 38.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Patrick County
Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$1,238
per month
Owner Cost Burden
11.3%
of gross income
You can likely afford the median home in Patrick County
Median home value is $153,400. Estimated monthly cost: $1,225 vs. your max of $1,238.
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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