Foxridge Collegiate Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060
Call: (888) 532-1809 (540) 951-9302 Email Usinfo@foxridgeliving.com View Map
Opens: Monday-Friday: 9A-5:30P | Saturday: 10A-1P & 2P-5P | Sunday: 1P-5P

Apartment Homes Blacksburg, VA Blog

It Cost More to Own a Home than Rent in Virginia

Joseph Coupal - Tuesday, June 26, 2018

Foxridge apartments, Blacksburg, VAOwning a home is often considered the American dream — and it's an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state.

But many homeowners reap benefits that you can't get from renting, such as financial security and stability, tax deductions, and a vehicle for retirement savings. 

While renting can't offer those long-term financial benefits, the study found that it's cheaper to rent on a month-to-month basis. If you're wondering how to save money for a down payment, renting can help you build that nest egg. However, in extremely expensive or competitive markets renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities.

This comparison doesn't include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages.

Key takeaways

Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost of monthly rent.

In some states, the cost of owning far eclipses renting.

In Virginia it costs 48% more to own vs. rent each month!

For more information on apartments in Lynchburg, VA, contact Walden Pond.

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Nerdwallet.com


Spotlighting Apartment Communities in Blacksburg, VA

Joseph Coupal - Monday, June 18, 2018

Foxridge apartments, Blacksburg, VAWe'd like to take a look at and celebrate the community in which we live and work. It’s an opportunity for us to highlight the areas that we find so special and the places we choose to be a part of.

There’s no better place to start than where we first began: Blacksburg and Roanoke, two beautiful cities in Southwest Virginia. Our original corporate headquarters, located in Blacksburg, is where everything started in 1966 when Harry H. Hunt III, the founder of HHHunt, saw the need for faculty and student housing at Virginia Tech.

Nestled in the Blue Ridge Mountains, Blacksburg and Roanoke are special places for a number of reasons. The communities boast stunning scenery and natural beauty, tons of outdoor activities, great wineries, markets and boutique shops, Mill Mountain Zoo, and more. Both cities have eclectic and delicious food scenes and the Hotel Roanoke is a beautiful and historic hotel definitely worth a visit. And, of course, we can’t forget about Virginia Tech. The world-class university serves as the heart of Blacksburg. There’s lots of Hokie pride at HHHunt!

We have a number of apartment communities in the area, including Foxridge and Hethwood, which are located in Blacksburg, and Honeywood, which is conveniently situated near downtown Roanoke.

We are thankful and excited to continue serving as an engaged community partner in these bustling and vibrant cities!

For more information on apartments in Blacksburg, VA contact Foxridge.

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College Student Apartments in Blacksburg, VA

Joseph Coupal - Thursday, June 14, 2018

Foxridge apartments, Blacksburg, VALiving at Foxridge, you will get to experience firsthand what it means to be “uniquely vintage!” Take advantage of our expansive outdoor spaces or any one of our indoor amenities to find secret study spots or meetup with your friends for a game of cornhole or volleyball.

Visit with our leasing team to find out where you can find all of Blacksburg’s hidden treasures, and the town’s best dining and entertainment venues that even the most cost conscious student will appreciate! And at Foxridge, our focus is on you and your home, so you can achieve your goals and live the full Hokie experience! We are committed to exceeding your expectations every day to make our community, your home. You will find that we not only offer a great apartment home, but opportunities to create lifelong friendships and meaningful experiences that will last you a lifetime! We offer housing choices today that will meet the needs of most anyone.

Foxridge Collegiate Apartment Homes is owned and managed by HHHunt, a locally owned, real estate company with five decades of experience serving the Virginia Tech community in Blacksburg.

Why You'll Love Us

At Foxridge Apartment Homes you will find amenities to suit every lifestyle. Enjoy swimming pools, walking trails, a fitness center, picnic areas, sand volleyball courts, basketball courts, playgrounds, and much more! You won't find another community that compares to the value and luxury of Foxridge.

For more information on apartments in Blacksburg, VA contact Foxridge.

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Step into Blacksburg, VA - A Great Place to Live

Joseph Coupal - Monday, June 04, 2018

Are you trying to decide where to live, where to go to school? Maybe it's time to check out Blacksburg, VA. Blacksburg has been called a Best College Town, a Best Place to Live in VA, a Top 100 Place to Live, a "dream town" for outdoor enthusiasts, and a Top 10 City to Raise a Family.

Need to know more? Step into Blacksburg and watch the video above.

Step Into Blacksburg and you'll find a special town. It's a place with something for everyone. Arts. Education. Dining. Recreation. Technology. Business. And more. It is a place with small town charm and metropolitan opportunities, a place that offers unmatched beauty and uniqueness all of its own, and it is known nationally for many reasons, including the Virginia Tech Hokies, the Virginia Tech Corporate Research Center, and the Smart Road, to name a few.

For more information on apartments in Blacksburg, VA contact Foxridge.

#HowYouLive



Foxridge Collegiate Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060
Call: (888) 532-1809 (540) 951-9302
Email Usinfo@foxridgeliving.com
View Map
Opens: Monday-Friday: 9A-5:30P | Saturday: 10A-1P & 2P-5P | Sunday: 1P-5P

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