Rich with history, and a prominent fixture in US culture due to romanticisation throughout literature, Virginia is a state truly like no other. The gateway to the American South, Virginia is a prosperous state lined with historic small towns, urban cities, and picturesque countrysides in lush natural environments from ocean beaches, open meadows, and rugged mountains. With a booming economy, higher than average household median income, and strong home appreciation, Virginia is an excellent location for anyone seeking rent to own property.
Virginia has a population of 8.3 million, and is known for its natural beauty, historical landmarks, strong economy, and for being a governmental and political hub. Northeastern Virginia is part of the Washington D.C. metro area with many of its residents regularly commuting to the city. Virginia has the highest defense spending, per capita, of any state, and a high population of its residents (over 900,000) work in defense, federal government, or politically affiliated organizations. 26,000 civilians and military personnel work at the Pentagon alone. Virginia also has the highest concentration of high tech workers, and its biggest export is computer chips---which nets the state a larger profit than tobacco and coal combined. Virginia has the fastest average Internet speeds, the third fastest in the world. Consisted rated as the best place for business, Virginia enjoys one of the lowest unemployment rates at 4.8% and has 15 out of the top 100 wealthiest cities and counties in the nation; more than any other state.
Richmond, VA via PlusMgtHousing Market in the Virginia
Virginians enjoy a higher than average household median salary of 61,004 ranking 9th in the nation. Its strong economy, low unemployment, and higher wages contribute to a higher home appreciation in most markets. Zillow places the median home value in Virginia at $230,500. In more rural areas such as Roanoke the values are at an average of $135,700 whereas Arlington, a highly affluent area, has an average of $610,700.
The schools in Virginia are among the highest ranked in the nation. The U.S. Department of Education’s National Assessment of Educational Progress consistently ranks Virginia’s schools within the top 10. Virginia public school students rank higher than average in across all subjects. The US News and World Reports ranks Virginia University as second best in the nation for public colleges.
The crime rate in Virginia is 28% lower than the national average. There are 1.96 violent crimes per 1000 residents compared to the national average of 3.8 making Virginia one of the overall safer states in the US.
Monticello, Charlottesville, VA Via SmithsonianCulture and Entertainment
Due to Virginia’s quaint and stunning natural beauty, Virginia is a hub for tourism and outdoor recreation. The state brings in 21.2 billion dollars for popular destinations like Virginia Beach. Virginia is also heavily influenced by its close proximity to Washington D.C. which also boasts heavy tourism, and has some of the best free museums in the nation. D.C. is an entertainment center making it a popular destination for broadway shows, concerts of all genres, and major events. Households who choose Virginia as their destination to rent to own have the world at their fingertips.