Cost of Living in Smyth County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Smyth County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Smyth County, Virginia
Smyth County's Rental Advantage
Smyth County's 17.7% rent-to-income ratio matches Scott County's, offering households exceptional affordability compared to the national average. At just $692 per month, renters here spend roughly 40% less than the national median while earning a median household income of $46,859.
Virginia's Affordability Sweet Spot
Smyth County ties with Scott as one of Virginia's most affordable counties, with a 17.7% rent-to-income ratio that beats the state average of 18.6%. This consistent value positions Smyth as a genuine refuge for budget-conscious families statewide.
Southwest Virginia's Affordable Trio
Smyth County's $692 rent matches the affordability profile of neighboring Scott County, creating a cluster of exceptionally low-cost housing in Southwest Virginia. Moving northeast toward Shenandoah County ($968 rent) or further to Spotsylvania ($1,733) reveals how dramatically costs rise outside this affordable corridor.
Compact Housing Costs
Smyth County renters spend $692 monthly while homeowners pay $491—an unusually tight spread reflecting the county's overall affordability. With median home values of $125,800, both paths to housing security remain within reach for the $46,859 median household income.
Smyth County: Affordability Meets Community
If budget is your primary relocation driver, Smyth County stands among Virginia's most accessible options with rents under $700 and homes near $126,000. Test your affordability assumptions by comparing these costs to your current location and other Virginia counties.
Affordability Calculator
See how your income compares to housing costs in Smyth County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,093
per month
Owner Cost Burden
12.6%
of gross income
You can likely afford the median home in Smyth County
Median home value is $125,800. Estimated monthly cost: $1,004 vs. your max of $1,093.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.