The population of Front Royal is somewhat affluent compared to others in Virginia with a median income of $48,358 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 110.9. Front Royal is made up of homes that are considered relatively old with a median of 39 years. The top school in the city is Hilda J. Barbour Elementary School.
The housing prices of Front Royal are close to the state average with a median home value of $183,700 and a current average list price of $238,754. The Front Royal market slowed with a 21.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 16.1 monthly average with 15 homes sold.
Make sure you take a look at these eye-catching homes in Front Royal that generated the most views from potential buyers:
A three-bedroom detached home valued around $212,125 is considered a typical dwelling in Front Royal. If a buyer was looking for a similar home, they would need good credit and a $42,425 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,115 and the property tax rate is $7.08 per $1,000 of taxable assessed value.