Innsbrook, Virginia Real Estate & Housing Market

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Innsbrook Housing Information

Index	Innsbrook	Virginia	National
Median home price	$306,100	$248,400	$184,700
Median rent asked	$1,062	$1,135	$949
Avg. people per household	2.4	2.6	2.6
Owner occupied households	60.6%	65.8%	63.6%
Renter occupied households	39.4%	34.2%	36.4%

Above, you will see a summary of real estate in Innsbrook, VA. On average, homes in Innsbrook, VA cost $306,100, a value that is 23% higher than the average in Virginia. In general terms, this results in Innsbrook, VA real estate being less affordable than Virginia real estate. On average, people who rent houses in Innsbrook, VA pay $1,062; this value is 6% lower than the average amount renters pay in Virginia. 60.6% of Innsbrook, VA residents own their own homes and, on average, each of the homes has 2.4 occupants. Innsbrook, VA real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Innsbrook, VA is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Innsbrook Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Innsbrook, VA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Innsbrook, VA’s median home price stands at $306,100 while $84,072 is the value of the average household income. The resulting home price to income ratio, which is 3.6x, differs from the Virginia average as the ratio is 3% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Innsbrook, VA are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Innsbrook, VA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Montrose, VA	7,909	$116,900	37%
Bensley, VA	6,031	$131,900	29%
Sandston, VA	6,883	$132,800	28%
Highland Springs, VA	16,276	$136,700	26%
East Highland Park, VA	14,697	$145,600	21%
Innsbrook, VA	7,707	$306,100	66%

Cities with similar population

City, State	Population	Home Price	National Avg.
Spring Valley Lake, CA	7,710	$246,100	33%
Blandon, PA	7,704	$187,900	2%
Brevard, NC	7,710	$198,400	7%
Orosi, CA	7,711	$133,600	28%
Ripon, WI	7,712	$115,100	38%
Innsbrook, VA	7,707	$306,100	66%

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