Blacksburg, VA Multifamily Home for Sale

Blacksburg combines small-town living with the energy of Virginia Tech's campus life. The Huckleberry Trail provides scenic paths for biking and walking between Blacksburg and Christiansburg, while the Jefferson National Forest beckons with hiking trails and the 66-foot Cascades waterfall. Virginia Tech's Lane Stadium fills with passionate fans during football season, and the historic Lyric Theatre showcases independent films and live performances. Local dining ranges from farm-to-table cuisine at 622 North to vegetarian fare at Gillie's.

The real estate landscape in Blacksburg presents diverse options across distinct neighborhoods. The median sale price in Blacksburg is $445,000. Tom's Creek features single family homes with a median price of $599,900, while Hethwood-Prices Fork provides more affordable options with a median price of $389,000. Downtown Blacksburg single family homes have a median price of $400,000. Condominiums present lower-cost alternatives, with median prices of $210,000 for one-bedroom units and $248,800 for two-bedroom units.

Blacksburg's cost of living sits 5.9% below the national average. A family with school-age children needs approximately $99,000 annually to live comfortably, while renters require about $49,000. The Montgomery County property tax rate is 0.77%, lower than nearby Roanoke at 1.01%. Public education excels with Gilbert Linkous Elementary and Blacksburg High School both earning A ratings. Virginia Tech's presence creates a tech-friendly environment with reliable digital infrastructure. Blacksburg Transit provides extensive bus service throughout town, and major cities like Roanoke lie within 45 minutes' drive.