Rushmere: Housing & Real Estate
The median Rushmere home is valued at $350,000 (estimated market value runs 13% higher at $396,438), with median rent $875 (1.6× below Isle of Wight County median $1,359; 1.8× below Virginia median $1,579). Homeownership rate: 65.8%. That's about the same as the Isle of Wight County median ($356,500); 1.1× below the Virginia median ($383,700). Market is warm. Vacancy rate 15.8%. New construction makes up 11.0% of stock. A municipal building code is in effect.
- 4.7× annual income — home value vs. household income (vs Virginia 4.1×).
- 33.3 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent 48% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $350,000 — 0.9× the Virginia median ($382,500). Median rent $875/month. homeownership rate 65.8% — near the U.S. share of ~65%.
| Affordability · Home Price To Income | 4.7× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 15.1% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 31.3% |
| Affordability · Poverty Rate | 2.6% |
| Affordability · Property Tax Pct Income | 2.9% |
| Fair Market Rent · Studio rent | $1,492 (at Virginia median) |
| Fair Market Rent · One-bedroom rent | $1,512 (at Virginia median) |
| Fair Market Rent · Two-bedroom rent | $1,713 (at Virginia median) |
| Fair Market Rent · Three-bedroom rent | $2,376 (at Virginia median) |
| Fair Market Rent · Four-bedroom rent | $2,797 (at Virginia median) |
| Fair Market Rent · HUD FMR area | Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $396,438 |
| Median Home Value | $350,000 (vs Virginia $382,500) |
| Median Rent | $875 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 15.8% |
| Housing Market · New construction (% of stock) | 11.0% |
| Housing Market · Price Appreciation 2Yr | 5.5% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.0% (vs Virginia 0.5%) |
| Broadband · Broadband-capable premises | 677 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.988281250 (vs Virginia 100.0%) |
| Mobile Broadband · 5G mobile coverage | 0.578125000 (vs Virginia 100.0%) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 65.8% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1977 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12