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Groveton CDP, VA

ZIP 22306 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 22306

Median Home Value
$583,200
Median Rent
$1,656
Affordability Snapshot
$161,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,746/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 22306 in Groveton CDP, VA, a household would need roughly $161,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,746. That is about 69% above the local median household income ($95,026), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.1%-23% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
91.9%+6% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
3.0%-76% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
27.4%-45% vs US avg
x
Mortgage-Free
27.0%-29% vs US avg
x
$583,200
Home Value
$1,656
Rent
1976
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached28.1%
  • 1-unit attached18.3%
  • 2-9 units13.0%
  • 10+ units34.2%
  • Mobile home & other6.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$583,200
Median rent$1,656
Owner-occupied50.1%
Vacant4.9%
Price-to-income6.1x
Est. income to buy$161,000