Rent is higher than in 82% of U.S. cities. A typical house costs about 3.4 years of household income. Most homes (76.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $95,400 a year. That is $46 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 130 of 199 cities from cheapest to most expensive.
How much do households earn in Rockwood?
Share of households by yearly income. 34.8% of households earn $100,000 or more.
Rent by apartment size in Rockwood
| Size | Rockwood | U.S. average |
|---|---|---|
| 3 bedrooms | $1,749 | $1,698 |
| 4 bedrooms | $2,102 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Rockwood 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 Rockwood, so the Virginia figure is shown.
Taxes and bills in Rockwood
Life in Rockwood
Is it cheaper to rent or buy in Rockwood?
Renting is cheaper right now: about $74 a month less.
Owning assumes a typical $354,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,440 for the down payment.
Frequently asked questions
What is the average rent in Rockwood, VA?
Renting in Rockwood costs a median of about $2,385 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Rockwood?
To keep rent under 30% of income, you need about $95,400 a year, or $46 an hour at a full-time job.
Is Rockwood cheap or expensive?
Rockwood is rated OK: rent takes 27.1% of the typical household income of $105,684. It ranks 130th cheapest of 199 Virginia cities we track.
How much are property taxes in Rockwood?
The median homeowner in Rockwood pays $2,632 a year in property taxes, about 0.74% of the median home value.
Is Rockwood 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 Rockwood?
The median home value in Rockwood is $354,400, about 3.4 times the typical yearly household income.
10,010 people live in Rockwood. Numbers are typical (middle) values.