Harrisonburg, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Harrisonburg, Virginia rental market.
Harrisonburg, Virginia
Average Apartment Rent
$2,155
As of November 2024
Harrisonburg, Virginia Average apartment rent trend
Harrisonburg, Virginia Average Apartment Rent
Harrisonburg, Virginia Apartment rent ranges
At 56.55%, apartments priced Over $2,000 represent the bulk of Harrisonburg, Virginia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.6%.
Harrisonburg, Virginia Housing tenure**
Renters take up 62% of Harrisonburg, Virginia real estate, occupying a total of 10,608 units, while homeowners live in 6,534 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$40,736
Average household size of renter-occupied housing units**
2.6
Rental vacancy rate**
3.1%
Harrisonburg, Virginia Renter-occupied housing units by no. of bedrooms**
There are 3,462 rentals in Harrisonburg, Virginia with 2 beds making up the highest share of the market, at 33%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 251 units. Overall, the median number of rooms in Harrisonburg, Virginia homes for rent is 4.7.
Harrisonburg, Virginia Renter-occupied units by age of householder**
Most condos for rent in Harrisonburg, Virginia are occupied by residents in the 15 - 24 years age group (26%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Harrisonburg, Virginia Renter-occupied housing units by family type**
Harrisonburg, Virginia Renter-occupied housing units by the presence of own children**
A total of 4,276 apartments for rent in Harrisonburg, Virginia, or 40% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 2,725 units. All in all, the median size of a renter-occupied household in Harrisonburg, Virginia is 2.6.
Harrisonburg, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Harrisonburg, Virginia.
Harrisonburg, Virginia Renter-occupied units by year structure built**
The highest share of Harrisonburg, Virginia apartment rentals, namely 22% or 2,326 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (21%, 2,238 units), and the ones Built 1990 - 1999 (17%, 1,835 units).
Harrisonburg, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Harrisonburg, Virginia renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Harrisonburg, Virginia condos for rent is 2018.
Harrisonburg, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of Harrisonburg, Virginia renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 11% have 3 vehicles available.
Harrisonburg, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Harrisonburg, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Harrisonburg, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
