Virginia Tech Real Estate Resources
Discover the Virginia Tech Community
In 1872, the Virginia General Assembly purchased a small Methodist school in Montgomery County. That body added a 40-acre parcel to the property with a $21, 250 grant with the intent to create a military institute that they called Virginia Agricultural and Mechanical College. The military aspect of the college was to become a controversial element that kept the school embroiled in political turmoil for many years. During the tenure of VPI President T. Marshall Hahn, from 1962 to 1974, the institute experienced many changes including the departure from mandatory participation in the Corps of Cadets for men and open eligibility to participate to women. In 1970, the school was elevated to university status and received a new name, Virginia Polytechnic Institute and State University, or Virginia Tech. Hahn's policy changes were responsible for tremendous student body growth, increasing by about 1,000 students per year. The reputation and prestige also grew, elevating the level of applicant. The typical freshman student now enters with a GPA of 4.0 and an SAT score of 1250 out of a possible 1600. Virginia Tech now offers 116 bachelor's degree programs and 160 graduate programs. TheU.S. News & World Report ranked Virginia Tech 27th public colleges in its 2015 Best Colleges list.
The Key Features of Virginia Tech
The Virginia Tech Lifestyle
The community surrounding Virginia Tech is in the heart of a plateau between the Allegheny and Blue Ridge mountains. About 43,000 people live in the vibrant community of Blacksburg. Residents can enjoy the best of two worlds, from the quiet countryside to the cultural advantages of the number one research institution in the Commonwealth of Virginia. The university provides multiple venues for music, the dramatic arts, lectures and sporting events. The Virginia Tech Hokies offer sports lovers exciting football, basketball, baseball and 16 other varsity sports in the NCAA Division One Atlantic Coast Conference.
The estimated median household income in 2012 was $28,056 compared to $61,741 statewide. The median resident age is only 21.9 years, compared to 35.1 years for Virginia overall. The 31,000 students at Virginia Tech. skew these numbers. In 2012, the median home value was $247,066. Real estate in the area ranges in price from the estimated median household income in 2012 was $28,056 compared to $61,741 statewide. The median resident age is only 21.9 years, compared to 35.1 years for Virginia overall. In 2012, the median home value was $247,066. Home prices start at about $85,000 and goes up to about $940,000. The median price is roughly $238,000. A profile of such a home would be a four-bedroom, 3 bath traditional home of about 2,200 square feet. Architectural details might include a great room with vaulted ceiling, finished basement, garage and a deck. Landscaping would typically include mature trees and lush, green lawns.
Selling Your Virginia Tech Home?
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