dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is +10.2% YoY. inventory, +19.0% YoY, is the number to watch.
The median listing price is up 10.2% YoY while the median home got up 1.1% bigger, so value per square foot is up 1.1%.
U.S. Census ACS characteristics for ZIP 22802 itself, not its parent county.
Renters hold 45.0% of this ZIP's 11,303 occupied households, on a median household income of $66K.
| Measure | ZIP 22802 | Harrisonburg city | Difference |
|---|---|---|---|
| Median Household Income | $66K | $62K | +$4K |
| Below Poverty Level | 15.9% | 25.7% | -9.8% |
| Median Age | 37.40 | 25.00 | +12.40 |
| Total Population | 30,374 | 51,392 | -- |
| Avg Household Size | 2.61 | 2.54 | +0.07 |
| Owner-Occupied | 55.0% | 39.5% | +15.5% |
| Worked From Home | 8.9% | 9.1% | -0.2% |
| Mean Commute | 17.70 | 17.10 | +0.60 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.2% to 51,392: residents under 18 are up 1.0% and those 65 and over are up 4.3%.
County median household income is $62K, 25.7% of residents are below the poverty level, 9.1% work from home.