7 Benefits of Owning Real Estate in Blacksburg VA
Owning real estate in Blacksburg, VA, is advantageous as the population has increased over the last decade. It is also one of the most sought-after real estate markets in Virginia.
The midsized city is famous for its high-ranking schools, hiking trails, and world-class music. It also has many recreation centers, from a football stadium to movie theaters. It has also been in the top 100 places to live in the U.S.
Blacksburg, Virginia Housing Market Watch
The city has a median price of $547,800 for December 2023, lower than December 2022. The data provided can change over time. It’s essential to consult a local Realtor when buying and selling homes in Blacksburg, VA. Please click here if you want to reach a local Realtor.
If you plan on buying a property, here are some benefits of owning real estate in Blacksburg, VA.
Benefits of Owning a Real Estate in Blacksburg, VA
Affordable Living
Blacksburg boasts a cost of living index of 95.1, making it 5% less expensive than the national average. The annual living expenses for a single person is $37,709. It covers rent or mortgage, child care, medical care, insurance, gas, and taxes. The city’s median home price is also below the national average.
Access to High-Caliber Education
Virginia Tech is a prestigious institution in Blacksburg that offers 280 majors at both undergraduate and graduate levels. The campus boasts impressive architecture and has received high rankings multiple times from The Princeton Review.
Four Seasons
Living in Blacksburg means embracing the opportunity to enjoy all four seasons. The city has an average high of 83 degrees in July and a low of 23 degrees in January—annual snowfall averages about 24 inches, complemented by 40 inches of rain and 215 days of sunshine. Whether you love summer’s warmth or winter’s coziness, Blacksburg provides a pleasant home for all seasons.
Efficient Public Transit
While car ownership is prevalent, Blacksburg offers alternatives such as the Smart Way Bus and Blacksburg Transit Bus. The Smart Way Bus connects Roanoke-Blacksburg Regional Airport, Christiansburg, and Roanoke. Blacksburg Transit provides free shuttle service primarily for Virginia Tech students and faculty. Others can also ride for a small fee.
Farm Goods Available
Many farmers’ markets in Blacksburg offer fresh vegetable produce and homemade products. Several include 3 Birds Berry Farm, Blacksburg Farmers Market, Blacksburg Farmers Market, and Greenstar Farm.
Colorful Arts and Culture
The Moss Arts Center at Virginia Tech is a hub for artistic activities, showcasing visual and performing arts. Off-campus, explore the Historic Smithfield Plantation Home, an 18th-century property with ties to two Virginia governors. You can also watch a movie at the Lyric Theater, fondly known as “the heart of Blacksburg.”
Hiking Adventures
Conveniently located just 10 minutes from sections of the Appalachian Trail, Blacksburg is part of the Virginia Blue Ridge Mountains, which makes it popular for hikers. McAfee Knob, a favorite destination, rewards hikers with a breathtaking view after an 8.8-mile round-trip trek up Catawba Mountain.
Enjoy affordable living, top-rated schools, diverse weather, and a vibrant cultural scene by owning a property in Blacksburg, VA.
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