Home prices
The median home value in Broadway is $196,300. This is approximately $23,880 (13%) higher in comparison to nearby areas.It is approximately $21,200 (9%) lower compared to the US as a whole, and is approximately $36,200 (22%) higher in comparison to the city of Lynchburg.
Rents
In Broadway the median rent is $743 per month. This is approximately $88 (10%) lower in comparison to nearby areas.Compared to the country as a whole it is roughly $319 (30%) lower, and in comparison to the city of Lynchburg is roughly $114 (13%) lower.
Nearby places
Timberville
Timberville is roughly 2 miles northeast from Broadway. Real estate prices there are significantly less expensive. The median home price in Timberville is $146,400, which is $49,900 (34%) lower than Broadway. Rents there are somewhat more expensive. The median monthly rent in Timberville is $834, which works out to $91 (10%) higher than Broadway.
New Market
New Market is about 6 miles northeast from Broadway. Its housing prices are a bit more expensive. The median home in New Market is valued at $233,300, which works out to $37,000 (15%) higher than Broadway. The rent there is pretty similar. New Market's median monthly rent is $725, which works out to $18 (2%) lower than Broadway.
Mount Jackson
Mount Jackson is approximately 11 miles northeast of Broadway. Real estate prices there are a lot less expensive. The median home in Mount Jackson is valued at $134,900, which is $61,400 (45%) lower than Broadway. The rent there is somewhat more expensive. In Mount Jackson the median rent is $839 per month, which is $96 (11%) higher than Broadway.
Shenandoah
Shenandoah is roughly 12 miles southeast from Broadway. The real estate prices there are significantly less expensive. The value of the median home in Shenandoah is $143,900, which is $52,400 (36%) lower than Broadway. Rent there is somewhat more expensive. In Shenandoah the median monthly rent is $876, which works out to $133 (15%) higher than Broadway.
Harrisonburg
Harrisonburg is roughly 12 miles south from Broadway. Its housing prices are fairly similar. The median home in Harrisonburg is valued at $203,600, which is $7,300 (3%) higher than Broadway. Its rents are a bit more expensive. Harrisonburg's median rent is $883 a month, which is $140 (15%) higher than Broadway.
