Quick facts: Bedford, VA

Quick Facts

106
Cost of Living
above US average
6,735
Population
32.07
Crime Rate per 1000
above US average
$41,154
Median Income
below US average
$335,000
Median House Price
above US average
$1331.25
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,154.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $335,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $41,154
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1331.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $41,154
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bedford, VA

Bedford, Virginia, is a charming city located in the heart of the Blue Ridge Mountains. Known for its rich history and scenic beauty, Bedford offers a blend of small-town charm and outdoor adventures. With a population of around 6,000, it serves as the county seat of Bedford County. The city is notably recognized for its role during World War II, being home to the Bedford Boys, a group of local soldiers who were among the first to land at Normandy. This historic background is commemorated at the National D-Day Memorial, a significant attraction that draws visitors from across the country. Bedford's landscape is characterized by rolling hills, picturesque views, and access to outdoor activities such as hiking, fishing, and camping in nearby Smith Mountain Lake State Park and the Jefferson National Forest. The downtown area features quaint shops, local restaurants, and cultural sites, providing a welcoming community atmosphere. Overall, Bedford is an ideal destination for those seeking history, nature, and a peaceful lifestyle amidst stunning mountain scenery.

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