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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Grottoes, VA Housing Affordability Index

Grottoes, Virginia has an MBR Housing Affordability Index score of 142.7 (Highly Affordable) as of October 30, 2026, ranking 77th most affordable of 344 scored Virginia cities, compared with 94.8 statewide and 97.4 nationally. On a median-priced $275,700 home with 20% down, the Virginia average 30-year fixed rate of 7.33% means a monthly principal and interest payment of about $1,517, or 18% of the city’s $100,291 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Grottoes is updated every night from live Virginia mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Grottoes MBR-HAI 142.7 Highly Affordable
Rank in Virginia 77 of 344 1 = most affordable
Virginia 94.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.33% Virginia lenders
Median home value $275,700 U.S. Census Bureau

Grottoes is 47.9 points above the Virginia score. Scores as of October 30, 2026. See the Virginia index

View Grottoes Mortgage Rates

What It Takes to Buy in Grottoes

$1,517/mo
Principal & Interest
Median home, 20% down, 7.33%
$65,000
Income Needed
To keep the payment at 28% of income
$100,291
Median Household Income
Virginia: $93,170
2.7x
Price-to-Income Ratio
Virginia: 4.1x
$1,212/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,354/yr
Median Property Tax
0.49% of median value
11.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
30.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Grottoes, Virginia. The rate is the Virginia average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Grottoes Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Grottoes, Virginia score: 142.7 (Highly Affordable), ranked 77 of 344 Virginia cities. monitorbankrates.com/housing-affordability-index/virginia/grottoes”