salaryRent is higher than in 89% of U.S. cities. A typical house costs about 3.4 years of household income. Most homes (78.2%) are owned, so rentals can be hard to find. It is a highly educated city: 63.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $106,480 a year. That is $51 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 154 of 199 cities from cheapest to most expensive.
How much do households earn in Hollymead?
Share of households by yearly income. 49.2% of households earn $100,000 or more.
Rent by apartment size in Hollymead
| Size | Hollymead | U.S. average |
|---|---|---|
| Studio | $1,480 | $1,338 |
| 1 bedroom | $1,797 | $1,324 |
| 2 bedrooms | $1,761 | $1,509 |
| 3 bedrooms | $2,401 | $1,698 |
| 4 bedrooms | $2,675 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hollymead overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hollymead, so the Virginia figure is shown.
Taxes and bills in Hollymead
Life in Hollymead
Is it cheaper to rent or buy in Hollymead?
Renting is cheaper right now: about $358 a month less.
Owning assumes a typical $435,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,530 for the down payment.
Frequently asked questions
What is the average rent in Hollymead, VA?
Renting in Hollymead costs a median of about $2,662 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Hollymead?
To keep rent under 30% of income, you need about $106,480 a year, or $51 an hour at a full-time job.
Is Hollymead cheap or expensive?
Hollymead is rated OK: rent takes 25.0% of the typical household income of $127,533. It ranks 154th cheapest of 199 Virginia cities we track.
How much are property taxes in Hollymead?
The median homeowner in Hollymead pays $3,346 a year in property taxes, about 0.77% of the median home value.
Is Hollymead more expensive than the national average?
Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hollymead?
The median home value in Hollymead is $435,300, about 3.4 times the typical yearly household income.
8,482 people live in Hollymead. Numbers are typical (middle) values.