Average Rent in Patrick County, VA↑ Rents rising 3.2% YoY🔻 7th cheapest in VA
HUD FY2027 · Official government data · Updated annually · Metro pop. 17,606
Market Overview
Patrick County, VA has rental prices ranging from $755/month to $1,460/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $760/month — 46% below the national average of $1,400/month. With a median household income of $50,938/year, spending $760/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.
How Patrick County Compares
With an average 2-bedroom rent of $943/month, Patrick County ranks #63 most expensive of the 69 cities tracked in Virginia — more affordable than 83% of all US cities in our data.
The Patrick County Rental Market
The Patrick County, VA area has a population of about 17,606 and 23% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Patrick County, VA have risen by $29/month (3.2%) over the past year, from $914 to $943. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Patrick County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,400. The local median household income of $50,938 exceeds that threshold by $20,538, making Patrick County relatively accessible compared to local wages.
Economy & Jobs
Patrick County, VA has an unemployment rate of 4.0%, 0.1 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2027Is Patrick County, VA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in VAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Madison County | $907 | $913 | $1,096 | $1,361 | — |
| Warren County | $1,063 | $1,108 | $1,449 | $1,930 | — |
| King and Queen County | $1,032 | $1,075 | $1,170 | $1,435 | — |
| Richmond | $1,456 | $1,517 | $1,651 | $2,039 | — |
| Roanoke | $1,186 | $1,250 | $1,464 | $2,022 | — |
| Lynchburg | $965 | $971 | $1,117 | $1,547 | — |
Rent or Buy in Patrick County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Patrick County data
Buying breaks even after 5 years — worth it if you stay 5+ years.
Living in Patrick County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Patrick CountySalary needed to afford rent here
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