Shared-appreciation loan
New River Home Trust (Community Land Trust)
New construction · Income limits · Single Family
Down payment assistance · Montgomery County
Buying a home in Blacksburg, VA
1 Blacksburg program and 8 statewide.Blacksburg has 1 program of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Blacksburg addresses
Blacksburg’s own program
The Blacksburg marketThe Blacksburg housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Blacksburg
- 37.4% single-familysingle-family
- 6.2% townhousetownhouse
- 9.6% 2–4 units2–4 units
- 44.9% 5+ unitscondo & apartment buildings (5+ units)
- 1.9% mobile & othermobile home & other
About condos. Blacksburg’s one local program does not list condos as eligible. New River Home Trust (Community Land Trust) lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Blacksburg’s homes were built
pre-19401970s2020+
41.6%
of Blacksburg homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$119,600
County area median income, 4 people (HUD)HUD area median income, Montgomery County, 4-person household (2026)
$50,182
Blacksburg median household incomeMedian household income in Blacksburg (Census, 2024)
15 of the 71 programs here set their income limit as a share of Montgomery County’s area median income, adjusted for household size. See the published limits for Montgomery County
Free help nearbyFree help near Blacksburg
3 HUD-approved counseling agencies within 15 miles3 HUD-approved housing counseling agencies within 15 miles
Blacksburg’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.New River Home Trust (Community Land Trust) asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Virginia and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
- Habitat for Humanity Virginia Statewide HOMEownership Down Payment Assistance ProgramUp to $40,000 · Deferred second loan
- HOMEownership Down Payment Assistance Program (VHCDC)Up to $25,000 · Forgivable loan
- Virginia Individual Development Account (VIDA) Program (VHCDC)Up to $10,000 · Down-payment assistance
Blacksburg questions
Does Blacksburg have its own down payment program?
Yes, one: New River Home Trust (Community Land Trust), a shared-appreciation loan (new construction, income limits). It is for homes inside Blacksburg.
Can I use assistance on a condo in Blacksburg?
Blacksburg’s one local program does not list condos as eligible. New River Home Trust (Community Land Trust) lists single family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Montgomery County?
Each program sets its own. 15 of the programs here set theirs as a share of HUD’s area median income for Montgomery County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Blacksburg?
HUD-approved housing counseling agencies teach homebuyer classes, and 3 agencies are within 15 miles of Blacksburg. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
24060 · 24061 · 24062 · 24063
Nearby in Montgomery
Sources
Sources: agency sites (June–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.