Home prices
The median home in Timberville is valued at $146,400. In comparison to its nearby areas this is approximately $36,620 (20%) lower.It is roughly $71,100 (32%) lower in comparison to the entire country, and compared to the city of Lynchburg is approximately $13,700 (8%) lower.
Rents
Timberville's median rent is $834 a month. This is approximately $33 (3%) lower in comparison to other places in this area.In comparison to the country as a whole it is about $228 (21%) lower, and in comparison to the city of Lynchburg it is roughly $23 (2%) lower.
Nearby places
Broadway
Broadway is roughly 2 miles southwest of Timberville. Its housing prices are a bit more expensive. Broadway's median home cost is $196,300, which works out to $49,900 (25%) higher than Timberville. Rents there are a bit less expensive. The median monthly rent in Broadway is $743, which is $91 (12%) lower than Timberville.
New Market
New Market is roughly 4 miles east of Timberville. The housing prices there are substantially more expensive. The median home value in New Market is $233,300, which is $86,900 (37%) higher than Timberville. Rents there are somewhat less expensive. The median rent in New Market is $725 per month, which is $109 (15%) lower than Timberville.
Mount Jackson
Mount Jackson is roughly 9 miles northeast of Timberville. The real estate prices there are a little less expensive. The median home in Mount Jackson is valued at $134,900, which comes out to $11,500 (8%) lower than Timberville. Rents there are pretty similar. Mount Jackson's median monthly rent is $839, which is very similar to Timberville.
Shenandoah
Shenandoah is about 12 miles southeast from Timberville. Its housing prices are pretty similar. The median home in Shenandoah costs $143,900, which is $2,500 (1%) lower than Timberville. The rent there is pretty similar. The median rent in Shenandoah is $876 per month, which comes out to $42 (4%) higher than Timberville.
Basye
Basye is approximately 12 miles north from Timberville. Housing prices there are a little more expensive. The cost of the median home in Basye is $206,700, which comes out to $60,300 (29%) higher than Timberville. Rent there is somewhat more expensive. The median monthly rent in Basye is $1,154, which works out to $320 (27%) higher than Timberville.
