Paytes / Belmont, VA

Rent in Paytes / Belmont

Median Gross Rent

$1,636

Rent-to-Income Ratio

22.2%

Renter Share

10.1%

Median Renter Income

$86,038

Avg Household Size

2.9

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 20.0%
$1,000-$1,500: 6.3%
$1,500-$2,000: 57.5%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 16.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 24.4%
20-30% (moderate): 39.4%
30-50% (cost-burdened): 20.0%
50%+ (severely cost-burdened): 0.0%
Not Computed: 16.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $92,500
Renter Households: $86,038

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 38.1%
$1,000-$1,500: 39.4%
$1,500-$2,000: 6.3%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 16.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources