A typical Cluster Springs home is worth roughly $133,000
Home prices around Cluster Springs have risen about 50% over the past 5 years.
What kind of housing town is Cluster Springs?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.8 years of income
Less than across Virginia (4.5 years). Try your own numbers below.
That covers a typical Cluster Springs home, with $178K to spare.
A two-bedroom rents for about $910 a month here, $150 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Cluster Springs’s typical property tax (0.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
100% of Cluster Springs households own their home
Half of Cluster Springs’s homes were built before 1980.
Virginia: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around Cluster Springs rose 50% over the past 5 years, about the same as across Virginia. Last year prices rose 6.2%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Cluster Springs, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $910
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Halifax County, VA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Cluster Springs buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.