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EconPulse

Local economy signal dashboard

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PLACEThriving

Mcgaheysville, 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
84
100
63
90

Population

1,327

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

84

2.5%

Unemployment is 2.5% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg4.3%

Population

+31.9% 5-year

100

1,327

Population moved +31.9% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

63

26.2%

Median rent consumes 26.2% 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

$579.0M

$579.0M 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

$579.0M

$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$26.4M

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

26.2%

of median income

1BR estimate$1,194
2BR estimate$1,572
Median income$66,761
Median home value$315,700

ACS context

Quick Facts

Population

1,327

Median age

33.0

Bachelor's degree+

35.2%

Poverty rate

10.6%

Labor force participation

75.5%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

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

+5.7%

GDP CAGR

Unavailable

Federal flow

5 years

Population (5 years)
20201,006
20211,011
20221,064
20231,155
20241,327

2-year linear forecast

Predictive Outlook

Population forecast

20241,327
20251,348 *
20261,427 *

R² = 86.0% · * 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$66,761/yr
Median rent$1,456/mo
Rent share of income26.2%
Est. mortgage (30yr, 6.5%)$19,156/yr
Mortgage share of income28.7%

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

employment snapshot

Job Market

Unemployment rate2.5%
State avg4.3%
U.S. avg4.3%
Labor force participation75.5%
Poverty rate10.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$315,700
Median monthly rent$1,456
Price-to-rent ratio18.1x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score88/100
Economic growthN/A
Labor market84/100
Population momentum100/100
Overall stability81/100

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

Location Context

McGaheysville CDP, Virginia

City/Town

Part of

Harrisonburg, VA

Nearby locations

Massanutten, VAKeezletown, VAMassanetta Springs, VAElkton, VAPort Republic, VA