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City Report · VA

Powhatan

Pop. 667·53rd most expensive in Virginia·Rental market data updated monthly for Powhatan, VA
Median rent (all units)
$1,835/mo
Year-over-Year
Stable
Month-over-Month
+15.1%
vs US Median
-$127
Rising (Monthly)
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Most AffordableMost Expensive
Powhatan · $1,835
More affordable than 51% of US cities · National median $1,962/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $1,835/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$73,000/yr
Local median income
$71,833/yr
Based on the 30%-of-income rule using Powhatan's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,430
1 BR
$1,490
2 BR
$1,650
3 BR
$2,090
4 BR+
$2,580
Fair Market Rent (HUD)
$1,650/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,835 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$22,020/yr
At $1,835/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +15.1% MoM), not inventory.
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Demographics

Who lives here

Powhatan, VA is majority owner-occupied, has a large retiree population, 19.8% of residents hold a bachelor's degree or higher.

Population
667
Median income
$71,833
Median age
57.9
Renters
33.7%
Age distribution
25.2%
24.6%
39.6%
Under 1825.2%
18–343.9%
35–546.7%
55–6424.6%
65+39.6%
Gender
35.1%
64.9%
Male35.1%
Female64.9%
Race & ethnicity
66.1%
33.7%
White66.1%
Black33.7%
Education (25+)
37.3%
32.5%
19.8%
No HS diploma10.4%
HS diploma37.3%
Some college32.5%
Bachelor's+19.8%
Housing tenure
66.3%
33.7%
Owner66.3%
Renter33.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Powhatan, VA has changed in 5 years

Income
$78,375 → $71,833
down 8.3%
Population
447 → 667
up 49.2%
Renter share
20.5% → 33.7%
+13.2 pts
Bachelor's+
25.1% → 19.8%
-5.3 pts

Local incomes tracked alongside that move, going from a median of $78,375 in 2021 to $71,833 more recently. The population has grown by 49.2% since 2021, moving from about 447 residents to roughly 667. Renters now make up 33.7% of households, compared with 20.5% five years ago. College-educated residents now make up 19.8% of adults here, versus 25.1% in 2021.

Community

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View Powhatan rent history (2015–2026) →
Salary vs rent

Can you afford rent in Powhatan on your salary?

At $1,835/mo, how Powhatan rent compares to typical pay (30% rule).

By apartment size

Powhatan rent by bedroom count

Median rent for each apartment size in Powhatan. Click any size for full breakdown.

Local insights

Tips for renters in Powhatan

About renting in Powhatan, VA

Last updated: June 22, 2026

The median rent in Powhatan is $1,835/mo as of June 2026. A studio apartment averages $1,430/mo while a 2-bedroom runs $1,650/mo. One-bedroom apartments average $1,490/mo and 3-bedroom units go for $2,090/mo.

At 31% of local median household income ($71,833/yr), Powhatan ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Powhatan an affordable city for renters?

Powhatan is considered moderate for renters. At $1,835/mo, rent takes approximately 31% of the local median household income ($71,833/yr). The standard benchmark is 30%. Powhatan slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Powhatan?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,835/mo in Powhatan. The local median household income is $71,833/yr, meaning the typical Powhatan household falls short of that threshold.

Is rent going up or down in Powhatan?

Rent in Powhatan has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Powhatan rent compare to other cities in Virginia?

Powhatan is middle-of-the-pack for Virginia for rent, ranking #53 out of 85 tracked cities at $1,835/mo.

Which nearby cities are cheaper to rent in than Powhatan?

Richmond is nearby and more affordable at $1,666/mo, which is $169 less than Powhatan.

What percentage of Powhatan residents rent vs. own?

According to Census data, approximately 33.7% of Powhatan households are renters, while 66.3% are owner-occupied. Powhatan leans toward homeownership, which can mean a smaller rental inventory.

How does Powhatan rent compare to the national average?

Powhatan's median rent of $1,835/mo is $127 (6%) below the US national median of $1,962/mo. Within Virginia, it ranks #53 out of 85 tracked cities.
Income Affordability
31%
MODERATE

At $1,835/mo, rent takes ~31% of Powhatan's median household income ($71,833/yr). The standard benchmark is 30%.

Powhatan 31%Benchmark 30%
State income tax2–5.75%
Run the Powhatan affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Powhatan, VA

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