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Harrisonburg city, VA

RANK #224 / 996  ·  POP 51,784  ·  VA

PROJECTED GROWTH: +1.9%

Harrisonburg city is growing steadily, with strong fundamentals across jobs, wages, and population.

[01] Why Harrisonburg city?

Harrisonburg, Virginia, often called "The Friendly City," is distinguished by its designation as the first culinary district in Virginia. Located in the heart of the Shenandoah Valley, it sits between the Blue Ridge and Allegheny Mountains, offering access to outdoor recreation. The city is a short drive from Shenandoah National Park and George Washington National Forest, providing opportunities for hiking, biking, fishing, kayaking, and golf. Commutes within Harrisonburg are shorter than the national average, at around 15.7 minutes. Public transportation includes local bus routes and a shuttle service for James Madison University.

Life in Harrisonburg offers a balance of affordability and amenities, attracting families and individuals seeking a high quality of life. The city's economy is supported by its diverse manufacturing base, with a notable food processing sector, and the presence of James Madison University and Eastern Mennonite University. Recent economic developments include investments in manufacturing and expansions in food processing. The Harrisonburg City Public Schools system includes two high schools, two middle schools, and six elementary schools.

[02] Market Snapshot

Housing Ratio
8.7x

Overvalued relative to economy

GDP Growth

No data

Home Prices
+4.8%

Outpacing national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 8.7x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Harrisonburg city U.S. National

The Numbers

DEMOGRAPHICS
Population
51,784
-0.53% YoY
Median Household Income
$56,050
Median Home Value
$263,700
+4.85% 12mo
Median Rent
$1,060
Average Annual Pay
$50,381
+4.8% YoY
Employment
31,039
-0.2% YoY
Income-to-Home-Value
0.2126
Near national average
Migration Inflow
13.19%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
87
Single-Family Permits
16

[05] Capital Investment

$544M
TOTAL
PROJECT AMOUNT STATUS
Harrisonburg-Rockingham Metropolitan Planning Organization (HRMPO) Long Range Transportation Plan Projects
Harrisonburg-Rockingham Metropolitan Planning Organization (HRMPO)
$315M Planned
The Link Mixed-Use Development
Timberwolf Capital Partners
$100M Approved
Bluestone Town Center Development
Harrisonburg Redevelopment and Housing Authority & EquityPlus
$90M Planned
City of Harrisonburg Capital Investments (FY2025-2026)
City of Harrisonburg
$39M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

Population Growth -0.5% 10 percentile
Income Growth +9.8% 77 percentile
Vacancy Rate 1.1% 46 percentile
Home Price Change +4.8% 89 percentile
Rent Growth +5.1% 81 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Harrisonburg city, VA a good place to move to?

Harrisonburg city has a Boom Town Index score of 78/100, ranking #224 among 996 U.S. counties. With job growth at -0.2% and a median household income of $56,050, it's an above-average county on economic indicators.

Is Harrisonburg city affordable?

The median home value in Harrisonburg city is $263,700 with median rent at $1,060/month. The income-to-home-value ratio is 0.2126, which is less affordable than the national average.

Is Harrisonburg city growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: -0.2%. Home values changed +4.8% in the past 12 months.

Are people moving to Harrisonburg city?

Yes — 13.19% of Harrisonburg city's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wood County, WI 88 Lorain County, OH 88 Gloucester County, NJ 88 Rensselaer County, NY 88 Lucas County, OH 88 Montgomery County, OH 88 Wayne County, PA 88 Dutchess County, NY 88