Cost of Living in Prince George County, Virginia

$1,563/mo
Median Monthly Rent
$268,300
Median Home Value
37% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,563/mo
37% above state average
Median Home Value
$268,300
5% below national
Rent-to-Income Ratio
29.0%
% 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 Prince George County Compares

Median monthly rent comparison

Prince George County$1,563/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,563/mo
Median Gross Rent
$268,300
Median Home Value
$1,282/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Prince George County, Virginia

Prince George's rent prices demand attention

Prince George County's rent-to-income ratio of 21.3% edges toward the upper limit of comfort, driven by the state's highest median rent at $1,563 monthly. With median household income of $88,225—still $13,470 below the national median—renters here face above-average pressure relative to their earnings.

High rents, moderate affordability ratio

Prince George's rent-to-income ratio of 21.3% exceeds Virginia's state average of 18.6%, and its median rent of $1,563 is 37% higher than the state average of $1,140. This county sits firmly in the less-affordable tier, despite respectable household incomes.

Pricier than Powhatan and Pulaski

Prince George's median rent of $1,563 far exceeds Powhatan ($1,107) and Pulaski ($815), reflecting its proximity to employment centers and higher demand. While homeowners here enjoy lower monthly costs ($1,282) than renters, the county's rental market remains one of the region's priciest.

Renters bear a heavier load

Renters in Prince George pay $1,563 monthly—significantly more than homeowners' $1,282 in monthly costs—despite similar median home values of $268,300. With median household income at $88,225 annually ($7,352 monthly), renters spend over 21% of gross income on housing, leaving less for savings and other needs.

Prince George demands higher income commitment

If relocating to Prince George, plan for rents around $1,563 monthly and a 21.3% housing burden—above Virginia's comfort zone. This county suits households earning $90,000+ who prioritize proximity to urban amenities over maximum affordability.

Affordability Calculator

See how your income compares to housing costs in Prince George County

$

Rent Burden

21.3%

of gross income

Max Housing (28% Rule)

$2,059

per month

Owner Cost Burden

17.4%

of gross income

The median home in Prince George County may be a stretch

Median home value is $268,300. Estimated monthly cost: $2,142 vs. your max of $2,059.

Rent Affordability Guide

Your rent-to-income ratio21.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Prince George County, Virginia?
Prince George County, Virginia has a median monthly rent of $1,563/mo and a median home value of $268,300. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Prince George County?
The median gross rent in Prince George County is $1,563/mo. This is 37% above state average for Virginia.
Is Prince George County affordable?
Prince George County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Prince George County's rent compare to the state average?
Prince George County's median rent of $1,563/mo is 37% above state average of $1,140/mo for Virginia.
What is the median home value in Prince George County?
The median home value in Prince George County, Virginia is $268,300. This is 5% below 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.