Compare Blacksburg, VA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Blacksburg.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Blacksburg. Plus, shopping lenders is free and there is no obligation.
July 2, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Blacksburg. Understand how much you need to earn to afford a home in Blacksburg, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Blacksburg fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Blacksburg is right for you.
The median home value for Blacksburg, VA (Montgomery County) is $273,428
Based on current mortgage rates and a 10% down payment, you need to make $44,800 per year to buy the median priced home in Blacksburg
With this income, you could qualify for a $246,086 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Blacksburg is $1,037
The median household income for Blacksburg, VA (Montgomery County) is $62,666
Based on this income, you can afford a home valued at approximately $382,467
The home price you can afford to buy based on household income in Blacksburg is 140% of the median home value which means housing prices are average. Blacksburg (Montgomery County) ranks 105 out of 133 counties in Virginia and 2,715 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Blacksburg, VA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Blacksburg (Montgomery County) below.
Conforming loan limits for Blacksburg, VA
FHA loan limits for Blacksburg, VA
VA loan limits for Blacksburg, VA