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Galax Housing Information

IndexGalaxVirginiaNational
Median home price$101,600$248,400$184,700
Median rent asked$542$1,135$949
Avg. people per household2.32.62.6
Owner occupied households56.5%65.8%63.6%
Renter occupied households43.5%34.2%36.4%
Above, you'll find an overview of the real estate market in Galax, VA. Generally, real estate in the Galax, VA area is more affordable in Virginia, as the median price of a home in Galax, VA is $101,600, which is 59% lower than the Virginia average. The median rental price in Galax, VA is $542. This is 52% lower than the average rental price in Virginia. Home owners comprise 56.5% of the population of Galax, VA, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Galax, VA. Below, you can search for real estate listings in Galax, VA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Galax Home Affordability

When searching for real estate in Galax, VA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Galax, VA, the median house price is $101,600, while the median income for households in the area is $31,110. Therefore, the ratio of house price to income is 3.3x; this ratio is 13% lower than the average in Virginia. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Galax, VA.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Fancy Gap, VA115$0100%
Ivanhoe, VA277$74,50060%
Independence, VA1,008$84,10054%
Cana, VA1,387$93,10050%
Fries, VA452$93,80049%
Galax, VA6,858$101,60045%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
St. Albans, VT6,858$173,1006%
Whitefish, MT6,859$311,90069%
Newport, TN6,856$92,40050%
Napili-Honokowai, HI6,856$413,700124%
Westville, IN6,862$90,20051%
Galax, VA6,858$101,60045%

Source: The Galax, VA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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