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Housing Affordability in Floyd County, VA
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 20.4%
- Virginia 29.3%
- Renters paying 30%+
- 37.6%
- Virginia 48.5%
- Homeowners paying 30%+
- 17.7%
- Virginia 20.5%
- Owner costs with a mortgage
- $1,356/mo
- Virginia $2,127/mo
Housing costs compared with income
- Renters paying 30% or more33337.6%
- Homeowners paying 30% or more98017.7%
- Renters paying 50% or more10511.9%
- Median rent as a share of income: 23.4%
- Median owner costs as a share of income, with a mortgage: 19.1%
- Median owner costs without a mortgage: $360/mo
- Median home value divided by median household income: 3.6
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Floyd County, VA | 20.4% | 37.6% | 17.7% | 23.4% |
| Virginia | 29.3% | 48.5% | 20.5% | 29.4% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Floyd County, VA?
- In Floyd County, VA, 20.4% of households spend 30% or more of their income on housing costs.
- How does Floyd County compare with Virginia?
- The households paying 30%+ for housing in Floyd County is 20.4%, compared with 29.3% for Virginia as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates