Español

Este sitio también está en español. Leer en español

City · 45,446 residents · Montgomery County, Virginia

Blacksburg , Virginia

In Blacksburg, a typical home is worth $446,300 and typical rent is $1,359 a month. Compared with all of Montgomery County, the typical home value is 47% higher, typical household income is 31% lower, and the share of households that own their home is 20 points lower.

WhatsApp

  • Typical home value

    $446,300

    47% above the county

    16% above Virginia

    • Blacksburg
    • Montgomery
    • Virginia

  • Typical rent

    $1,359a month

    10% above the county

    14% below Virginia

    • Blacksburg
    • Montgomery
    • Virginia

  • Typical household income

    $50,182a year

    31% below the county

    46% below Virginia

    • Blacksburg
    • Montgomery
    • Virginia

  • Households that own their home

    36%

    20 points below the county

    32 points below Virginia

    • Blacksburg
    • Montgomery
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$412,880
1.8% more than 12 months ago
Typical rent
$1,910 a month
4.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Blacksburg is in Montgomery 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 Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Blacksburg apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Pulaski, the typical home value is $160,500: 64% less than in Blacksburg ($446,300).

  2. Nearby, in Pulaski, the typical rent is $736: 46% less than in Blacksburg ($1,359).

  3. The typical home in Blacksburg is worth $446,300, 47% more than in Montgomery County as a whole ($304,600).

  4. 36% of households in Blacksburg own their home, against 55% in Montgomery County.

  5. The typical household income in Blacksburg is $50,182, 31% less than in Montgomery County as a whole ($72,715).

  6. Blacksburg has the 10th largest share of rent-burdened renters of the 133 cities in Virginia with more than 5,000 people (63%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Blacksburg

What homes there are in Blacksburg, 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

In Blacksburg, the apartment is the most common kind of home: 45%, against 23% in Montgomery County.

Year built

In Blacksburg, half of the homes were built before 1985; in Montgomery County, before 1986.

There are fewer big homes in Blacksburg than in Montgomery County: 60% have 3 bedrooms or more, against 65%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,072 a month

Montgomery County: $1,690 a month

Without a mortgage

$720 a month

Montgomery County: $533 a month

Owners with a mortgage

56%

Montgomery County: 53%

Owning costs more in Blacksburg: with a mortgage, the typical cost is $2,072 a month; in Montgomery County, $1,690. Without one, $720.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Blacksburg rose 50% since 2015–2019, more than in Montgomery County (34%).

Rents in Blacksburg rose at about the same pace as in Montgomery County: 23% since 2015–2019, against 25%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBlacksburgMontgomery CountyVirginiaUnited States
Rental vacancy Unreliable estimate4.8%4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate2.0%2.1%3.4%
People per household 2.542.392.522.53
Drive alone 51%68%68%69%
Carpool 7%6%8%9%
Public transit 6%3%2%3%
Walk or bike 16%7%2%3%
Work from home 18%14%18%15%
Other means 2%1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Blacksburg are bigger: 2.54 people on average; in Montgomery County, 2.39.

In Blacksburg, 16% of workers walk or bike to work; in Montgomery County, 7%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Blacksburg?

A typical home costs more than the typical income allows

We start with a typical home in Blacksburg, worth $446,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 87% of the typical household income in Blacksburg, which is $50,182 a year. For that payment to be 28% of income, a household would need to earn about $156,089 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery County.

Your numbers

Local data
$

Starts at the typical home value in Blacksburg. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,621 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,642

at 7.18% · 30 years

Loan amount
$438,216
Total interest
$630,490
Paid off in
November 2056

Includes $7,537 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,171 a month

  • Tight

    $1,171 to $1,505 a month

  • Hard

    more than $1,505 a month

    Your payment · 87%

Compared with the typical household income in Blacksburg ($50,182 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,642
Principal & interest$2,969
Property tax$290
Home insurance$186
FHA mortgage insurance (MIP)$197

You need at least $15,621 for the down payment, plus closing costs.

Next step

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.

The city and its county

Blacksburg and Montgomery County

Blacksburg is in Montgomery 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).

Blacksburg's own numbers

Typical home value
$446,300
Typical monthly rent
$1,359
Typical yearly household income
$50,182
Households that own their home
36%
Effective property tax rate
0.78%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Montgomery County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,340
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
2.2%

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 Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Blacksburg

A typical home in Blacksburg is worth $446,300: 47% above the county and 16% above Virginia. With the typical household income in Blacksburg ($50,182 a year), a typical home costs 8.9 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.

  • Blacksburg 8.9 years
  • Montgomery 4.2 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 73% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Montgomery County.

Period County Virginia U.S.
Last year (2025) +3.3% +3.7% +2.9%
5 years (2020–2025) +46% +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

Blacksburg next to Montgomery 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
  • Blacksburg $446,300
  • Montgomery $304,600
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Blacksburg $1,359
  • Montgomery $1,240
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Blacksburg $50,182
  • Montgomery $72,715
  • Virginia $93,170
  • United States $80,734
See the full table
Blacksburg next to Montgomery County and Virginia
Measure Blacksburg Montgomery County Virginia U.S.
Typical home value $446,300 $304,600 $383,700 $332,700
Typical monthly rent $1,359 $1,240 $1,579 $1,413
Typical yearly household income $50,182 $72,715 $93,170 $80,734
Households that own their home 36% 55% 67% 65%
Typical yearly property tax $3,460 $2,249 $2,790 $3,119
Effective property tax rate 0.78% 0.74% 0.73% 0.94%
Renters with high rent for their income 63% 52% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery 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 Blacksburg

For a typical $446,300 home in Blacksburg, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Blacksburg's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,642a month

    Least cash to close
    Down payment
    $15,621
    Cash to close
    $29,010
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $197

  • Conventional, 5% down $3,560a month

    Down payment
    $22,315
    Cash to close
    $35,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $212

  • Conventional, 20% down, no PMI $2,895a month

    Down payment
    $89,260
    Cash to close
    $102,649
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,307a month

    Down payment
    $66,945
    Cash to close
    $80,334
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Blacksburg and for Montgomery County.

Property tax

Effective rate in Blacksburg

0.78%of the home’s value each year

$3,460 a year for the typical owner in Blacksburg.

  • Blacksburg 0.78%
  • Montgomery 0.74%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Montgomery County

FEMA does not publish these numbers by city: they are for all of Montgomery County.

Homes in the high-risk zone
2.2%
619
Of those, with NFIP insurance
15%
County Virginia U.S.
Homes in the high-risk zone 2.2% 1.5% 3.5%
Of those, with NFIP insurance 15% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Blacksburg

Typical rent in Blacksburg is $1,359 a month: 10% above the county. In Blacksburg, 63% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($1,340 a month) without spending more than 30% of your income, you would need to earn $25.77 an hour working full time.

HUD fair market rent for all of Montgomery County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,043 $20.06 $41,720
1 bedroom $1,050 $20.19 $42,000
2 bedrooms $1,340 $25.77 $53,600
3 bedrooms $1,783 $34.29 $71,320
4 bedrooms $2,048 $39.38 $81,920

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 Blacksburg

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Blacksburg has 2 ZIP codes with their own.

For 2 bedrooms it is $1,470 in all of them.

2 of the 2 are above the fair market rent for Montgomery County ($1,340).

  • 24060 $1,470$1,960
  • 24061 $1,470$1,960

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Blacksburg 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Blacksburg

HUD lists 10 buildings with rents for lower incomes in Blacksburg. These are the largest.

  • Trolinger House 2603 Warm Hearth Dr, Blacksburg 24060 102 low-income homes · For older adults (540) 552-2419
  • Fieldstone Senior 401 Givens Ln, Blacksburg 24060 60 low-income homes · 1 bd: 40 · 2 bd: 20 · In service since 2018 · For older adults
  • Lantern Ridge Apts 501 Fairfax RD, Blacksburg 24060 120 homes, 51 low-income · For families (540) 552-8172
  • New River House 2607 Warm Hearth Dr, Blacksburg 24060 42 low-income homes · For older adults (540) 552-1914
  • Cambridge Square 1805 Whipple Dr, Blacksburg 24060 40 low-income homes · For families (540) 953-1870

See all 17 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Blacksburg

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.

There are 2 HUD-approved agencies with an office in Montgomery County; none says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Blacksburg

No down payment, repair or rent-help program on our list is for Blacksburg or Montgomery County. The ones below are statewide in Virginia: they work in Blacksburg the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    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).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    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).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    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).

    Grant

    See the program Official page

Housing counselors near Blacksburg

The HUD-approved agencies closest to the center of Blacksburg, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Housing Partners Corporation

    448 Depot St NE, Christiansburg · 6 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (540) 260-9039

  • New River Community Action (montgomery Area)

    400 W Main St, Christiansburg · 7 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 5 more
    (540) 381-1561

  • New River Community Action, Inc.

    206 3rd Ave, Radford · 10 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (540) 633-5133

Every agency in Montgomery County All counseling agencies in Virginia

Help in Spanish near Blacksburg

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Blacksburg

HUD lists no housing authority with an office in Montgomery County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Other cities in Montgomery County

These cities are also in Montgomery County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Montgomery County Housing in Virginia

Nearby cities

The cities closest to Blacksburg, with the typical home value.

Neighboring counties

If Montgomery County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Blacksburg.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Blacksburg

Short answers with the numbers for Blacksburg and all of Montgomery 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 Blacksburg?

The typical home value in Blacksburg is $446,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $304,600.

How much does it cost to rent in Blacksburg?

Typical rent in Blacksburg is $1,359 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $1,340.

What is the FHA loan limit in Blacksburg?

Blacksburg uses the FHA limit for all of Montgomery 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 Blacksburg?

The typical homeowner in Blacksburg pays $3,460 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in Montgomery County, the rate is 0.74%.

Where can I find free help to buy or rent in Blacksburg?

There are 2 HUD-approved counseling agencies with an office in Montgomery County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).