39 / 100

Harrisonburg city, VA

RANK #600 / 996 NAT  ·  #16 / 37 VA  ·  POP 51,784

1YR FORECAST: +1.3%

5YR OUTLOOK: +21%

Harrisonburg city's housing market is projected to grow +1.3% over the next year, below the national average.

[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

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] Top Employers

  1. 1
    James Madison University Education
    2,500+
  2. 2
    Sentara Healthcare Healthcare
  3. 3
    Rockingham County School Board Education
  4. 4
    Walmart Retail
  5. 5
    Cargill Meat Solutions Manufacturing
  6. 6
    Merck Sharp & Dohme Corp. Manufacturing
  7. 7
    Harrisonburg City Public Schools Education
  8. 8
    Great Eastern Resort Management (Massanutten Resort) Hospitality
  9. 9
    City of Harrisonburg Government
  10. 10
    County of Rockingham Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
35.2%
of residents (national avg: 33%)

Market Activity

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
3.0
per 100K · nat avg 6.3
Firearm Fatalities
7.6
per 100K · nat avg 14.8
Injury Deaths
49.5
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

At 39/100, Harrisonburg city faces headwinds that place it in the lower third of the 996 counties we track. Median income of $56,050 combined with job growth of -0.2% suggests the local economy is struggling to keep pace with national trends.

Is Harrisonburg city affordable?

Harrisonburg city leans toward the expensive side. A median home value of $263,700 against an income-to-home-value ratio of 0.21 means housing eats a bigger share of local earnings than the national norm. Renters face $1,060/month on average.

Is Harrisonburg city growing or shrinking?

Harrisonburg city is losing population (-0.5% YoY) while the job market is essentially flat (-0.2% employment change). Home values are +4.8% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Harrisonburg city?

In significant numbers — 13.19% of Harrisonburg city's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Bedford County, VA 40 Frederick County, VA 40 Spotsylvania County, VA 38 Henry County, VA 41 Chesterfield County, VA 37 Prince William County, VA 37 Walker County, TX 39 Putnam County, WV 38