Living in Radford, Virginia
Cost of living, income, home prices, rent and demographics of Radford · Census data 2020–2024
Radford has 16,726 residents with a median age of 23.3. The median household income is $57,348 (38% lower than the Virginia median), the median home value is $220,700, the median rent is $1,033/month.
Radford at a glance
- Population
- 16,726
- Median age
- 23.3State: 39
- Median household income
- $57,348State: $93,170
- Median home value
- $220,700State: $383,700
- Median rent
- $1,033/moState: $1,579
- Homeowners
- 42.3%
- Bachelor's degree or higher
- 37.9%
- Average commute
- 18 min
Is Radford a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 38% lower than the Virginia median; unemployment of 8.1%; a poverty rate of 28.7%.
The weather is best in May–June and August–September.
Cost of living in Radford
Housing is the biggest part of the cost of living. In Radford the median home value is $220,700, 34% lower than the U.S. median. Renters pay a median of $1,033 per month, which is 32.9% of household income. Homeowners with a mortgage pay $1,318 a month in housing costs.
Radford median household income
The median household income in Radford is $57,348 and the income per person is $26,815. 28.7% of residents live below the poverty line (Virginia: 9.9%).
Housing in Radford: homes for sale and rent
- Housing units
- 6,459
- Owner-occupied
- 42.3%
- Renter-occupied
- 57.7%
- Vacant
- 14.2%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.46
Radford demographics
- Population
- 16,726
- Median age
- 23.3
- Under 18
- 12.5%
- 65 and older
- 9.6%
- Households
- 5,540
- Foreign-born
- 2.1%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Radford ›
Education in Radford
37.9% of adults 25 and older in Radford have a bachelor's degree or higher (Virginia: 42.2%), and 18.7% have a graduate or professional degree.
Jobs and commute in Radford
- Unemployment rate
- 8.1%State: 4.3%
- Average commute
- 18 minState: 27 min
- Work from home
- 5.3%
- Drive alone
- 78.1%
- Public transit
- 0.2%
- Walk to work
- 9.9%
- Homes with broadband
- 87.4%
Radford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Radford | 16,726 | $57,348 | $220,700 | $1,033 |
| Fairlawn | 2,488 | $66,918 | $243,500 | $1,621 |
| New River | 268 | $41,628 | $133,600 | — |
| Plum Creek | 1,068 | $41,603 | — | $1,169 |
| Belview | 990 | $55,288 | — | $1,289 |
| Belspring | 152 | $61,053 | $319,700 | — |
| Prices Fork | 900 | $69,063 | $300,000 | $1,084 |
| Dublin | 2,671 | $62,426 | $180,500 | $756 |
| Riner | 1,038 | $105,759 | $388,000 | — |
More for people moving to Radford
Radford ZIP code ›Weather and climate ›Living in Radford: FAQ
What is the median household income in Radford, VA?
The median household income in Radford is $57,348, 38% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Radford?
The median home value in Radford is $220,700, compared with $383,700 in Virginia.
How much is rent in Radford?
The median gross rent in Radford is $1,033 per month, about 32.9% of household income.
Is Radford, VA a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 18 minutes. Minuses: median household income 38% lower than the Virginia median; unemployment of 8.1%; a poverty rate of 28.7%.
What is the median age in Radford?
The median age in Radford is 23.3 years (Virginia: 39).
How long is the commute in Radford?
The average commute to work in Radford is 18 minutes; 5.3% of workers work from home.
What is the unemployment rate in Radford?
The unemployment rate in Radford is 8.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Radford?
37.9% of adults in Radford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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