How Much Growth Are We Seeing In Harrisonburg And Rockingham County?


How Much Growth Are We Seeing In Harrisonburg And Rockingham County?
By Scott Rogers • October 24, 2023
Some localities in Virginia, such as Loudoun County, are growing quite quickly. Loudon County is tops on the list for population growth over the past 12 years as shown above. The average annual growth rate shown above is calculated by comparing 2010 census data with 2022 population estimates, all from the Weldon Cooper Center. What do we learn from the data table above? [1] The population of City of Harrisonburg has grown an average of 1.09% per year over the past 12 years. [2] The population of Rockingham County has grown an average of 0.82% per year over the past 12 years. [3] Our growth rate (and our population) are quite a bit lower than Loudoun County, which is tops on the list above. The population of Loudoun County has grown by an average of 2.72% per year over the past 12 years and is now estimated to be 431,006. [4] The City + County population is currently around 139,849. [5] If the City maintains the current 1.09% growth rate, it will grow from 55,700 to about 62,069 over the next decade. [6] If the County maintains the current 0.82% growth rate, it will grow from 84,149 to about 91,289 over the next decade. [7] Combining the City and County numbers above, current trends point to our area's population growing from 139,849 to 153,358 over the next decade. [8] Put differently, this potential growth over the next decade (139,849 to 153,358) equates to about 1,351 new people in the City or County each year. All of that (above) relates to how much we have been growing in the recent past -- and how much we are likely to grow in the near future. But as to if we should be growing, and how much we should be growing, that is a very different question with plenty of potential opinions and perspectives depending on who you ask. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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