Town of Vinton Housing Market Study

The Virginia Center for Housing Research (VCHR) conducted a basic, targeted housing market study for the Town of Vinton to evaluate housing affordability and availability for Vinton residents and for employees working in Vinton. Given limited time and resources, the VCHR study compared housing availability and affordability by occupation in the Vinton market, identifying high-demand and missing housing types and price points. The organization examined housing variety by number of bedrooms, housing type (i.e., single-family, single-family attached, or multifamily housing), tenure (i.e., renter or owner), and housing age to identify underrepresented types. Housing types were further analyzed in the context of current market preferences as observed in the trade literature. Finally, a housing affordability gap analysis was conducted to identify critical gaps that may limit community health and economic development.