Rose Hill, Virginia Real Estate & Housing Market

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Rose Hill Housing Information

Index	Rose Hill	Virginia	National
Median home price	$455,200	$248,400	$184,700
Median rent asked	$1,799	$1,135	$949
Avg. people per household	3.0	2.6	2.6
Owner occupied households	77.9%	65.8%	63.6%
Renter occupied households	22.1%	34.2%	36.4%

Above, you'll find an overview of the real estate market in Rose Hill, VA. Generally, real estate in the Rose Hill, VA area is less affordable in Virginia, as the median price of a home in Rose Hill, VA is $455,200, which is 83% higher than the Virginia average. The median rental price in Rose Hill, VA is $1,799. This is 59% higher than the average rental price in Virginia. Home owners comprise 77.9% of the population of Rose Hill, VA, where an average of 3.0 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Rose Hill, VA. Below, you can search for real estate listings in Rose Hill, VA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Rose Hill Home Affordability

When searching for real estate in Rose Hill, 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 Rose Hill, VA, the median house price is $455,200, while the median income for households in the area is $114,872. Therefore, the ratio of house price to income is 4.0x; this ratio is 6% higher 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 Rose Hill, VA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Andrews AFB, MD	3,336	$0	100%
Fort Belvoir, VA	8,204	$0	100%
Rose Hill CDP (Lee County), VA	708	$0	100%
Potomac Heights, MD	1,191	$88,800	52%
Woodlawn CDP (Carroll County), VA	2,247	$111,300	40%
Rose Hill, VA	20,968	$455,200	146%

Cities with similar population

City, State	Population	Home Price	National Avg.
Salmon Creek, WA	20,961	$267,400	45%
Naples, FL	20,980	$770,000	317%
McNair, VA	20,983	$410,400	122%
Mukilteo, WA	20,994	$454,300	146%
Ashland, OR	21,002	$362,500	96%
Rose Hill, VA	20,968	$455,200	146%

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