In Bedford, a typical home is worth $222,500 and typical rent is $828 a month. Compared with all of Bedford County, the typical home value is 25% lower, typical rent is 13% lower, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $217,388 to $287,959.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Bedford is in Bedford County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Bedford County. See the county
What this place has that others do not, from public data, most unusual first.
1
Bedford has the 8th lowest typical rent of the 157 cities in Virginia with more than 5,000 people ($828).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Bedford rose 7.5%; in Virginia, it rose 2.1%.
3
69% of households in Bedford own their home, against 85% in Bedford County.
4
The typical home in Bedford is worth $222,500,25% less than in Bedford County as a whole ($297,400).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Bedford
What homes there are in Bedford, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Bedford
Bedford County
Virginia
United States
Kind of home: Bedford and its comparisons
Measure
Bedford
Bedford County
Virginia
United States
Detached house
74%
78%
61%
61%
Attached house
Unreliable estimate
5%
11%
6%
Building of 2 to 4
5%
2%
5%
8%
Apartments (5 or more)
Unreliable estimate
5%
19%
19%
Mobile home
Unreliable estimate
10%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Bedford (74%), but less so than in Bedford County (78%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Bedford
Bedford County
Virginia
United States
Year built: Bedford and its comparisons
Measure
Bedford
Bedford County
Virginia
United States
Before 1960
27%
12%
19%
26%
1960–1979
37%
21%
24%
24%
1980–1999
23%
38%
30%
25%
2000–2009
6%
17%
15%
14%
2010 or later
6%
12%
12%
11%
In Bedford, half of the homes were built before 1973; in Bedford County, before 1990.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K32%
$200K–$300K37%
$300K–$500K20%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Bedford and its comparisons
Measure
Bedford
Under $100K
9%
$100K–$200K
32%
$200K–$300K
37%
$300K–$500K
20%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
With an FHA limit of $541,287, at least 97% of owner-occupied homes in Bedford sit below it: they are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50032%
$500–$99940%
$1,000–$1,499Unreliable
HUD fair market rent, 2 bedrooms: $1,117
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Bedford and its comparisons
Measure
Bedford
Under $500
32%
$500–$999
40%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent for Bedford County is high ($1,117): at least 72% of rents in Bedford cost less than $1,000.
With a mortgage
$1,394 a month
Bedford County: $1,522 a month
Without a mortgage
$433 a month
Bedford County: $433 a month
Owners with a mortgage
58%
Bedford County: 59%
The typical cost for an owner with a mortgage in Bedford is $1,394 a month, less than in Bedford County ($1,522); without one, $433.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Bedford+54%
Bedford County+47%
Virginia+41%
United States+53%
Typical rent
BedfordNo clear change
Bedford County+11%
Virginia+28%
United States+33%
Typical household income
Bedford+93%
Bedford County+23%
Virginia+26%
United States+29%
Change since 2015–2019: Bedford and its comparisons
Measure
Bedford
Bedford County
Virginia
United States
Typical home value
+54%
+47%
+41%
+53%
Typical rent
No clear change
+11%
+28%
+33%
Typical household income
+93%
+23%
+26%
+29%
Since 2015–2019, homes in Bedford gained value faster than in Bedford County: 54% against 47%.
Rent in Bedford moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Bedford and its comparisons
Measure
Bedford
Bedford County
Virginia
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.0%
2.1%
3.4%
People per household
2.40
2.43
2.52
2.53
Drive alone
76%
78%
68%
69%
Carpool
Unreliable estimate
7%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
13%
18%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Bedford look like those in Bedford County: 2.40 people on average.
To get to work, 76% of workers in Bedford drive alone; in Bedford County, 78%.
Do the math
What would you pay each month for a home in Bedford?
A typical home is tight for the typical income
We start with a typical home in Bedford, worth $222,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Bedford, which is $70,288 a year. For that payment to be 28% of income, a household would need to earn about $75,831 a year.
The calculator's FHA and conventional loan limits are those of all of Bedford County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Bedford. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,788 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,769
at 7.18% · 30 years
Loan amount
$218,469
Total interest
$314,326
Paid off in
November 2056
Includes $3,757 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,640 a month
Tight
$1,640 to $2,109 a month
Your payment · 30%
Hard
more than $2,109 a month
Compared with the typical household income in Bedford ($70,288 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,480
Property tax
$98
Home insurance
$93
FHA mortgage insurance (MIP)
$98
You need at least $7,788 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,769; principal and interest $1,480.
The city and its county
Bedford and Bedford County
Bedford is in Bedford County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Bedford
Map of Bedford County, Virginia, with Bedford marked. Around it, the neighboring counties.
Bedford
Bedford County
Other cities with a page
Bedford's own numbers
Typical home value
$222,500
Typical monthly rent
$828
Typical yearly household income
$70,288
Households that own their home
69%
Effective property tax rate
0.53%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Bedford County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,117
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
2.3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bedford County.
A typical home in Bedford is worth $222,500: 25% below the county and 42% below Virginia. With the typical household income in Bedford ($70,288 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Bedford3.2 years
County3.8 years
Virginia4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Bedford County
According to FHFA’s house price index, home prices in Bedford County rose 73% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Bedford County.
Yearly change in FHFA’s price index in Bedford County, 2016 to 2025
2016: +0.9% +0.9% 2016
2017: +1.7% +1.7% 2017
2018: +4.1% +4.1% 2018
2019: +3.8% +3.8% 2019
2020: +3.0% +3.0% 2020
2021: +9.4% +9.4% 2021
2022: +15.1% +15.1% 2022
2023: +10.2% +10.2% 2023
2024: +5.6% +5.6% 2024
2025: +3.6% +3.6% 2025
Change in FHFA’s price index in Bedford County, Virginia and the United States
Period
County
Virginia
U.S.
Last year (2025)
+3.6%
+3.7%
+2.9%
5 years (2020–2025)
+52%
+49%
+47%
10 years (2015–2025)
+73%
+75%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Bedford next to Bedford County, Virginia and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Bedford$222,500
County$297,400
Virginia$383,700
United States$332,700
Typical monthly rent
Bedford$828
County$952
Virginia$1,579
United States$1,413
Typical yearly household income
Bedford$70,288
County$78,937
Virginia$93,170
United States$80,734
See the full table
Bedford next to Bedford County and Virginia
Measure
Bedford
Bedford County
Virginia
U.S.
Typical home value
$222,500 ▼25% below the county
$297,400
$383,700
$332,700
Typical monthly rent
$828 ▼13% below the county
$952
$1,579
$1,413
Typical yearly household income
$70,288 ▼11% below the county
$78,937
$93,170
$80,734
Households that own their home
69% ▼15 points below the county
85%
67%
65%
Typical yearly property tax
$1,188 ▼8% below the county
$1,285
$2,790
$3,119
Effective property tax rate
0.53% ▲0.1 points above the county
0.43%
0.73%
0.94%
Renters with high rent for their income
42% ▼3 points below the county
45%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bedford County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Bedford
For a typical $222,500 home in Bedford, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bedford's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,769a month
Least cash to close
Down payment
$7,788
Cash to close
$14,463
Rate
7.18%
Mortgage insurance
FHA MIP · $98
Conventional, 5% down$1,729a month
Down payment
$11,125
Cash to close
$17,800
Rate
7.18%
Mortgage insurance
PMI · $106
Conventional, 20% down, no PMI$1,397a month
Down payment
$44,500
Cash to close
$51,175
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,603a month
Down payment
$33,375
Cash to close
$40,050
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Bedford
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,769
$7,788
$218,470
7.18%
FHA MIP · $98
$14,463
580
Conventional, 5% down
$1,729
$11,125
$211,375
7.18%
PMI · $106
$17,800
620*
Conventional, 20% down, no PMI
$1,397
$44,500
$178,000
7.18%
None
$51,175
620*
ITIN, 15% down (example)
$1,603
$33,375
$189,125
8.18%
None
$40,050
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Bedford is $828 a month: 13% below the county. In Bedford, 42% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Bedford County, by unit size. To pay the 2-bedroom one ($1,117 a month) without spending more than 30% of your income, you would need to earn $21.48 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Bedford County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$965
$18.56
$38,600
1 bedroom
$971
$18.67
$38,840
2 bedrooms
$1,117
$21.48
$44,680
3 bedrooms
$1,547
$29.75
$61,880
4 bedrooms
$1,678
$32.27
$67,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Bedford
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bedford is in ZIP code 24523.
For 2 bedrooms it is $1,070: $47 less than the fair market rent for Bedford County ($1,117).
Fair market rent by ZIP code and size in Bedford, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
24523
$930
$930
$1,070
$1,480
$1,580
ZIP code2 bd3 bd
24523 $1,070$1,480
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bedford when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Bedford County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Bedford or Bedford County. The ones below are statewide in Virginia: they work in Bedford the same as in the rest of the state.
Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan.Offered by Virginia Housing (Virginia Housing Development Authority).
No legal help resource on our list is for Bedford or Bedford County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Bedford and all of Bedford County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Bedford?
The typical home value in Bedford is $222,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bedford County it is $297,400.
How much does it cost to rent in Bedford?
Typical rent in Bedford is $828 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bedford County is $1,117.
What is the FHA loan limit in Bedford?
Bedford uses the FHA limit for all of Bedford County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Bedford?
The typical homeowner in Bedford pays $1,188 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Bedford County, the rate is 0.43%.
Where can I find free help to buy or rent in Bedford?
We found no HUD-approved counseling agencies with an office in Bedford County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
