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LEARN MORE ABOUT .idIn Virginia, 4.7% of renting households were paying $450 or more per week in rent in 2021.
Rental payments can be a better measure of the cost of housing in Virginia than mortgage repayments because they are not contingent on length of occupancy or equity in the dwelling.
High rental payments may indicate desirable areas with mobile populations who prefer to rent, or a housing shortage, or gentrification. Low rental payments may indicate public housing (check Tenure Type), or areas where low income households move by necessity for a lower cost of living.
Rental payments are not directly comparable over time because of inflation. For comparison of rental payments over time, go to Housing Rental Quartiles.
Further reading: How can Councils influence affordable housing.
'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'
Weekly housing rental payments | |||
---|---|---|---|
Virginia - Households (Enumerated) | 2021 | ||
Weekly rental amount | Number | % | Elizabeth South % |
Less than $100 | 0 | -- | 4.4 |
$100-$149 | 5 | 4.7 | 17.9 |
$150-$199 | 10 | 9.3 | 13.5 |
$200-$249 | 13 | 12.1 | 27.5 |
$250-$299 | 9 | 8.4 | 22.9 |
$300-$349 | 23 | 21.5 | 7.1 |
$350-$399 | 21 | 19.6 | 1.3 |
$400-$449 | 12 | 11.2 | -- |
$450-$499 | 5 | 4.7 | -- |
$500-$549 | 0 | -- | 0.5 |
$550-$649 | 0 | -- | -- |
$650-$749 | 0 | -- | -- |
$750-$849 | 0 | -- | -- |
$850+ | 0 | -- | -- |
Not stated | 9 | 8.4 | 4.7 |
Total households renting | 107 | 100.0 | 100.0 |
Analysis of the weekly housing rental payments of households in Virginia compared to Elizabeth South shows that there was a larger proportion of households paying high rental payments ($450 per week or more), and a smaller proportion of households with low rental payments (less than $250 per week).
Overall, 4.7% of households were paying high rental payments, and 26.2% were paying low payments, compared with 0.5% and 63.3% respectively in Elizabeth South.
The major differences between the housing rental payments of Virginia and Elizabeth South were:
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