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EconPulse

Local economy signal dashboard

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PLACEThriving

Broadway, VA

Thriving overall. Population is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score81out of 100
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NA
75
100
72
90

Population

4,273

Data freshness

Unknown

GDP / Output

Unavailable YoY

NA

Unavailable

Local GDP is unavailable for this geography.

Vintage date unknown

State growth5.4%
U.S. growth5.3%

Jobs

Unemployment rate

75

3.4%

Unemployment is 3.4% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+8.9% 5-year

100

4,273

Population moved +8.9% over the latest ACS window.

Vintage date unknown

State population8,705,170
U.S. population334,922,499

Housing

Rent share of income

72

20.3%

Median rent consumes 20.3% of median household income: Affordable.

Vintage date unknown

State rent$1.6K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.9K per resident

90

$579.1M

$579.1M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$214.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

Industry GDP mix is unavailable for this geography.

FY2025

Federal Money

Federal obligations

$579.1M

$6.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$475.3M
2. Department of Defense$50.9M
3. Department of Veterans Affairs$26.5M

Top recipients

Dollars
1. LEIDOS, INC.$50.4M
2. REDACTED DUE TO PII$6.5M
3. VIRGINIA DEPARTMENT OF TRANSPORTATION$3.9M

Affordable

Housing Affordability

20.3%

of median income

1BR estimate$898
2BR estimate$1,183
Median income$64,669
Median home value$284,300

ACS context

Quick Facts

Population

4,273

Median age

38.7

Bachelor's degree+

28.3%

Poverty rate

13.3%

Labor force participation

70.2%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.7%

GDP CAGR

Unavailable

Federal flow

5 years

Population (5 years)
20203,925
20214,152
20224,169
20234,221
20244,273

2-year linear forecast

Predictive Outlook

Population forecast

20244,273
20254,378 *
20264,454 *

R² = 82.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$64,669/yr
Median rent$1,095/mo
Rent share of income20.3%
Est. mortgage (30yr, 6.5%)$17,251/yr
Mortgage share of income26.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.4%
State avg4.3%
U.S. avg5.2%
Labor force participation70.2%
Poverty rate13.3%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$284,300
Median monthly rent$1,095
Price-to-rent ratio21.6x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score84/100
Economic growthN/A
Labor market75/100
Population momentum100/100
Overall stability81/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Broadway town, Virginia

City/Town

Part of

Harrisonburg, VA

Nearby locations

Timberville, VALinville, VANew Market, VASingers Glen, VAForestville, VA