Condo Foreclosures in Harrisonburg, VA

Current Market Conditions in Harrisonburg, VA

The real estate market in Harrisonburg is currently experiencing a balanced trend with steady appreciation in home prices. With a diverse inventory of properties ranging from historic homes to new developments, the area attracts both first-time homebuyers and investors looking for rental opportunities.

As demand continues to rise, particularly among young professionals and families, the area remains a strong potential for real estate investment. Given its growing economy and educational institutions, the rental market is also robust, providing investors with consistent returns.

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.