As of 2008, the rental vacancy rate in Harrisonburg stood at 3%, relatively low compared to the rest of the country. There are about 46,979 housing units, averaging $194,800 in value, 37% of which are occupied by renters. The rent to price ratio in Harrisonburg is 0.4%, slightly higher than the Virginia average. For 15% of Harrisonburg tenants, 30% or more of their income goes to paying rent.
Harrisonburg has a population of 117,300, comprised of 43,095 households, with on average 2 members per household. Out of approximately 58,759 people in the civilian workforce, 56,689 (97%) were employed in 2008. 77% of the population 25 and older has earned a high school diploma, with 24% holding a 4 year college degree.