If you are a newcomer to Patrick Springs, Virginia, you might be wondering what the average household income is in this area. The median household income in Patrick Springs is $31,856, which is above the national average of $22,804. The median home price is $106,200, and the median appreciation in the past 10 years is 3.0%. This article will explore the average household income and the population & steets in Patrick Springs City.
This statistic shows the proportion of household income spent on rent. It's useful in gauging housing affordability in a city. In Patrick Springs, the average rent burden is 18.8%, which is lower than the state average of 29.9%. However, nearby cities like Christiansburg and Stoneville have lower rent burdens. Overall, 19.3% of Patrick Springs' housing units are occupied by renters.