Foreclosure Homes in Harrisonburg, VA 22801

Current Market Conditions in Harrisonburg, VA

Harrisonburg's real estate market remains competitive, with a notable demand for single-family homes, particularly among young professionals and families due to the city's university presence. Historically low inventory levels paired with growing buyer interest have kept home prices on an upward trend, appealing to both investors and new homeowners.

The rental market, primarily driven by students and university staff, is robust. Vacancy rates remain low, and rental prices have experienced moderate increases, making investment properties appealing for those looking to enter the market.

Rent Prices In Harrisonburg, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Harrisonburg, VA, is on a rollercoaster ride. The average rent price in Harrisonburg, VA, is $1,312.00. Indeed, when looking to rent in Harrisonburg, VA, you can expect to pay as little as $630.00 or as much as $4,700.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Harrisonburg, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.