Cost of Living in Powhatan County, Virginia

$1,107/mo
Median Monthly Rent
$381,300
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,107/mo
3% below state average
Median Home Value
$381,300
35% above national
Rent-to-Income Ratio
28.0%
% 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 Powhatan County Compares

Median monthly rent comparison

Powhatan County$1,107/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,107/mo
Median Gross Rent
$381,300
Median Home Value
$1,548/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Powhatan County, Virginia

Powhatan: Affluent and affordable

Powhatan County's rent-to-income ratio of 12.0% is exceptionally low—well below the comfortable 20–25% threshold and a fraction of the national median household income disadvantage. With median household income at $110,667, residents here earn $35,912 more than the national median, giving them substantial breathing room despite higher absolute rents.

Most affordable among wealthy Virginia counties

Powhatan's 12.0% rent-to-income ratio ranks as one of Virginia's best, beating the state average of 18.6% by a wide margin. This combination of high incomes and moderate housing costs makes Powhatan a rare afford-luxury market in the state.

Richer than Rappahannock, similar affordability

Powhatan and Rappahannock County both achieve excellent rent-to-income ratios (12.0% vs 16.9%), but Powhatan households earn notably more: $110,667 versus $98,125 annually. Both offer breathing room for renters, though Powhatan's income cushion is larger.

High income absorbs higher housing costs

Renters in Powhatan pay $1,107 monthly while homeowners face $1,548 in monthly costs on a median home value of $381,300. The median household income of $110,667 annually ($9,222 monthly) easily absorbs these costs, leaving room for savings and other expenses.

Powhatan rewards high earners with ease

If you're relocating with a strong income, Powhatan County offers the rare combination of affluent neighbors and genuine affordability—just 12% of income goes to rent. The median home value of $381,300 remains accessible to households earning $110,000+, making it an excellent choice for those prioritizing financial flexibility.

Affordability Calculator

See how your income compares to housing costs in Powhatan County

$

Rent Burden

12.0%

of gross income

Max Housing (28% Rule)

$2,582

per month

Owner Cost Burden

16.8%

of gross income

The median home in Powhatan County may be a stretch

Median home value is $381,300. Estimated monthly cost: $3,044 vs. your max of $2,582.

Rent Affordability Guide

Your rent-to-income ratio12.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Powhatan County, Virginia?
Powhatan County, Virginia has a median monthly rent of $1,107/mo and a median home value of $381,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Powhatan County?
The median gross rent in Powhatan County is $1,107/mo. This is 3% below state average for Virginia.
Is Powhatan County affordable?
Powhatan County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Powhatan County's rent compare to the state average?
Powhatan County's median rent of $1,107/mo is 3% below state average of $1,140/mo for Virginia.
What is the median home value in Powhatan County?
The median home value in Powhatan County, Virginia is $381,300. This is 35% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.