Cost of Living in Tazewell County, Virginia

$738/mo

Median Monthly Rent

$116,100

Median Home Value

35% below state averageUnaffordable

At a Glance

Median Monthly Rent

$738/mo

35% below state average

Median Home Value

$116,100

59% below national

Rent-to-Income Ratio

27.0%

% 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 Tazewell County Compares

Median monthly rent comparison

Tazewell County$738/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$738/mo

Median Gross Rent

$116,100

Median Home Value

$552/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Tazewell County, Virginia

Tazewell has low income, low rent

Tazewell County's 19.3% rent-to-income ratio sits slightly above Virginia's average of 18.6%, but the absolute rents are far below national norms at just $738 monthly. The trade-off: a median household income of $45,788—significantly below the national average of $74,755.

Virginia's most affordable rents

Tazewell County boasts the lowest median rent among these eight Virginia counties at $738—nearly $400 below the state average. However, its below-average income means the affordability ratio remains slightly worse than state average, reflecting a county facing economic headwinds.

The bargain for renters

Tazewell's $738 rent significantly undercuts Washington County ($832), Sussex ($952), and Warren ($1,199), making it the region's cheapest rental market. Homebuyers also find rock-bottom prices with a $116,100 median home value—less than half of Warren County's $315,800.

Cheap housing, tight paychecks

Renters dedicate $738 monthly (19.3% of income) while homeowners spend $552—making ownership dramatically more affordable than renting in Tazewell. Yet the median household income of $45,788 means even these low housing costs consume significant household resources.

Tazewell: lowest cost, lowest income

Tazewell offers Virginia's cheapest rents and homes, ideal if you're relocating for housing affordability alone. But factor in the lower local wages—compare job prospects carefully against higher-income counties like Warren or Virginia Beach before moving.

Affordability Calculator

See how your income compares to housing costs in Tazewell County

Your Annual Household Income

Rent Burden

19.3%

of gross income

Max Housing (28% Rule)

$1,068

per month

Owner Cost Burden

14.5%

of gross income

You can likely afford the median home in Tazewell County

Median home value is $116,100. Estimated monthly cost: $927 vs. your max of $1,068.

Rent Affordability Guide

Your rent-to-income ratio19.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Tazewell County, Virginia?

Tazewell County, Virginia has a median monthly rent of $738/mo and a median home value of $116,100. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Tazewell County?

The median gross rent in Tazewell County is $738/mo. This is 35% below state average for Virginia.

Is Tazewell County affordable?

Tazewell County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Tazewell County's rent compare to the state average?

Tazewell County's median rent of $738/mo is 35% below state average of $1,140/mo for Virginia.

What is the median home value in Tazewell County?

The median home value in Tazewell County, Virginia is $116,100. This is 59% below the national median home value of $281,900.