Cost of Living in Prince Edward 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 Prince Edward County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Prince Edward County ranks #1,977 of 3,142 counties for affordability (bottom 37%)
Sourced county brief
Prince Edward County Median Gross Rent Estimated at $931
In Prince Edward County, Virginia, the median gross rent is $931 per month, which is $239 below the state unweighted county mean of $1,170. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was estimated at 31.6%, a figure 3.0 percentage points higher than the unweighted state county mean of 28.6%. For those in owner-occupied housing, the median selected monthly owner costs for all units are $960, while the state unweighted county mean is $1,190. The median home value in the county was reported at $216,600, compared to a state unweighted county mean of $295,808. Additionally, the median renter-household income is $35,487. These metrics provide a snapshot of housing costs based on the American Community Survey 5-Year Estimates for 2020-2024. No causal explanations are provided for these figures. 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: Prince Edward County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.6% of renter household income in Prince Edward County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $931 per month; median selected monthly owner costs are $960. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,240 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. Prince Edward County's $931 median is 20.4% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Prince Edward County
Rent Burden
19.8%
of gross income
Max Housing (28% Rule)
$1,314
per month
Owner Cost Burden
20.5%
of gross income
The median home in Prince Edward County may be a stretch
Median home value is $216,600. Estimated monthly cost: $1,729 vs. your max of $1,314.
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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