Fincastle, Virginia

Population

Growing. Up 1.0% since 2020.

825

people, the 144th-largest of Virginia's cities and towns.

Census Population Estimates, 2025. Rank among Virginia's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Nearly every job here goes to someone who lives somewhere else.

98.2%

of 1,514 jobs located in Fincastle are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is up 30% since the 2005–2009 survey, before inflation.

$945

a month. Virginia's median is $1,579.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent doubles.

A $891 gap between neighbors, the sharpest rent edge between adjacent tracts in Botetourt County.

• $902 Tract 404.02
• $1,793 Tract 403.03

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,085–$1,627

is the monthly rent range local workforce wages support.

• $945 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 80% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.3–4.3% to the 346 homes here.

1–15

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 33% less than Virginia's.

$257,500

median home value in Fincastle.

• $257,500 Fincastle
• $383,700 Virginia
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year