Foreclosure Homes in Harrisonburg, VA 22801

Current Market Conditions in Harrisonburg, VA

The Harrisonburg real estate market has shown steady growth over the past few years, driven by increasing demand and a strong local economy. The city remains attractive for both first-time homebuyers and investors, with many new developments catering to diverse needs, from single-family homes to apartments.

In the past year, home prices in Harrisonburg have risen slightly, following national trends. The inventory of homes on the market has been relatively low, leading to competitive bidding situations which have further driven up prices.

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.