What is the median home price in Wise?

The median home price in Wise, Wise town, Virginia is $116,700, which is 59% below the national average of 281,900 ($281,900).

Wise, Wise town, Virginia has a violent crime rate of 1.4 per 1,000 residents, which is 61% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.8 per 1,000 residents.

What is the median household income in Wise?

The median household income in Wise, Wise town, Virginia is $42,944, which is 42% below the national average of 74,580 ($74,580).

What is the average rent in Wise?

The median rent in Wise, Wise town, Virginia is $689 per month. The national average median rent is $1,163/month.

What is the population of Wise?

The population of Wise, Wise town, Virginia is approximately 2,962. The homeownership rate is 57.8% (national average: 65.9%).

What is the unemployment rate in Wise?

The unemployment rate in Wise, Wise town, Virginia is 4.2%. The national average unemployment rate is 3.7%. The poverty rate is 22.4% (national average: 12.4%).

Wise

Wise town, Virginia

Affordable

About Wise

Wise, Virginia, a charming town nestled in the heart of Appalachia, offers a refreshingly affordable lifestyle that’s increasingly rare in today's market. With a population just shy of 3,000, Wise exudes a close-knit community feel, where neighbors know each other and the pace of life is decidedly slower. The real kicker? Housing costs. You'll find yourself astonished by the median home value of just $116,700 — a fraction of the national average, making homeownership a realistic dream for many. This affordability extends to the overall cost of living, allowing residents to enjoy a comfortable lifestyle without breaking the bank.

From an investment perspective, Wise presents a compelling case. While the median household income of $42,944 is lower than the national average, the sheer affordability of housing means your dollar stretches much further here. The area's strong sense of community and relative safety make it ideal for families and those seeking a peaceful, close-knit environment. Wise is a fantastic option if you're looking to escape the high costs and fast pace of city life, and embrace the tranquility and affordability of a true Appalachian gem.

Wise, Virginia at a Glance

Wise is a city in Wise town, Virginia with a population of approximately 2,962. The median home value is $116,700 and the median household income is $42,944.. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average.. Median rent is $689 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.