Blacksburg, Virginia.
Typical home $412,880 (+1.8% in a year), asking rent $1,910 (+4.3%). Blacksburg-Christiansburg, VA metro.
to buy the typical home at today's mortgage rate — +$1,123 (+108%) since Jan 2020.
- 1 year
- Up $7,383 +2%
- $405,497$412,880 since Sep 2025
- 5 years
- Up $60,908 +17%
- $351,972$412,880 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Blacksburg$2,167
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Blacksburg, VA rose 1.8% over the past year — faster than the nation's +1.2%.
Asking rents in Blacksburg, VA rose 4.3% over the past year — faster than the nation's +2.7%.
Owning the typical home in Blacksburg runs $953/mo more than renting one. The gap peaked at $1,161 in Oct 2023.
That is $2,863 a month against $1,910 rent: a $2,167 mortgage payment, plus $254 property tax and $442 insurance & upkeep.
Owning vs renting — Blacksburg
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,863
- Renting$1,910
- Mortgage only$2,167
Property tax · $254/mo 0.74% of value a year — the ACS 2020-2024 median bill over the median home value for Montgomery County, VA
Insurance & upkeep · $442/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Blacksburg, Montgomery County, Virginia
Blacksburg is a town of 44,826 people in Montgomery County. Half its households earn more than $50,182 a year and half less, against $72,715 across Montgomery County; 43% of its people live below the poverty line. 36% of its homes are lived in by their owners and 64% are rented. Unemployment in Blacksburg was 5.4% in August 2026, and Montgomery County had 1.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Blacksburg is a university town, and it shows in who lives there: residents are far younger than in most American towns, and most homes are rented rather than owned. Incomes sit well below the county's, which reflects how many students make up the population, and a very large share of adults hold a four-year degree. Winters are cold, with a fair amount of snow, and summers are mild and warm.
Work. Many residents work in schools, hospitals and social care, followed by restaurants, hotels and entertainment, professional and business services, and shops. Virginia Polytechnic Institute and State University is the largest workplace in town, with the Edward Via College of Osteopathic Medicine and LewisGale Hospital Montgomery also among the biggest. Commutes are short, and a noticeable number of people work from home.
Things to do. The Appalachian Trail is a short drive away for hiking, and Hahn Horticulture Garden is a botanical garden in or beside town. Lane Stadium, also in or beside town, is the place for football games, and Mountain Lake is a longer drive for a day by the water.
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- 13,840households
- 69%of adults have a degree
- 43%below the poverty line
- 15 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 43,874 jobs in 2025, 1.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 22°; warmest in July, with highs near 82° and lows near 61°. About 25 inches of snow and 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Blacksburg Nwso weather station, 2 miles away (NOAA).
Largest workplaces in Blacksburg
- Virginia Polytechnic Institute and State UniversityUniversity or college9,191
- Edward Via College of Osteopathic MedicineUniversity or college4,688
- Moog Inc. - Blacksburg CentralSwitches for electronic applications manufacturing668
- Moog Inc. - Blacksburg NorthSolenoids for electronic applications manufacturing412
- LewisGale Hospital Montgomery411
- Warm HearthRetirement communities, continuing care342
- TennecoOil filters, automotive, truck, and bus, manufacturing320
- Kroger Mid-Atlantic KMASupermarkets and other grocery except convenience stores194
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 3,544 people in all. Colleges come from IPEDS (NCES, 2023–24). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Blacksburg’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montgomery County and the Blacksburg-Christiansburg, VA metro.
Blacksburg home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Blacksburg$412,880
- Virginia$412,252
- United States$366,157
Sellers are cutting prices on about 1 in 4 Blacksburg listings, and the typical home goes pending in 35 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Blacksburg26.16%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Blacksburg35
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Blacksburg142
New listings per month
Sellers arriving at the market.
- Blacksburg31
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Blacksburg$416,617
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Blacksburg97.50%
Zip codes with a Blacksburg address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Blacksburg — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.