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Radford City

Learn about the people, housing, costs and businesses in Radford City

Median Home$249,694
Median Rent$1,013/month
Population16,726
Leading IndustriesPublic Administration · Professional Services · Education28% public administration
Home Value Growth⬆⬆⬆+21.2% over 2 years
Young Adults57% of residentstop 1% nationally
Renters58% of occupied units
NotableTransit86/100 · excellent transit access
NotableAmenity Score69/100 · highly walkable area
Radford City
VA

Frequently Asked Questions

What are today's mortgage rates in Radford City?

Mortgage rates for Radford City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Radford City
What is the median home price in Radford City?

The median home value in Radford City is $250k. The median monthly rent is $1,013. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Radford City?

Home values in Radford City have increased 21.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Radford City?

Based on a typical all-in ownership cost of $955/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Radford City is $61k/year.

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What industries drive the economy in Radford City?

The largest employment sectors in Radford City are public administration (28%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas