Cost of Living & Housing in Luray

Luray offers genuinely low property tax and sales tax at Virginia's statewide floor, but its recent home-price readings diverge meaningfully by source, and real, documented flash-flood history deserves a direct look before buying near local waterways.

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Home prices: a real, disclosed spread

Zillow's typical home value for Luray is $274,607, a steady, affordable reading. Redfin's most recent snapshot instead cited an average $320,000 price, up a sharp 21.7% year over year (base record). Given Luray's small population and correspondingly small monthly transaction count, this record treats the sharp Redfin increase with real caution -- likely reflecting which specific homes happened to sell that period rather than confirmed, uniform market-wide appreciation. Other listing-price readings ran as high as $399K, underscoring genuine source-to-source variance.

Property tax: low, but a change is under real consideration

Page County's real estate tax rate is $0.73 per $100 of assessed value -- roughly 0.73% effective, notably below the national median (base record). A 2026 public hearing considered proposed changes that could raise the effective rate by as much as 12.5% -- a real, pending consideration, not yet a confirmed final rate. Confirm the current rate directly with Page County before budgeting.

Sales tax at Virginia's statewide floor

Luray's combined sales tax rate is 5.3% -- Virginia's 4.3% state rate plus Page County's 1.0% local rate -- at Virginia's statewide floor, the same rate documented for Hopewell elsewhere in this build wave (base record).

Insurance: genuinely low regionally, but no Luray-specific figure confirmed

Some nearby Shenandoah Valley communities are cited with homeowners insurance averages under $1,700/year, well below Virginia's statewide average of roughly $2,676-$2,762/year (base record). No Luray- or Page County-specific figure was independently confirmed this session -- a genuine, disclosed gap. Get a local, property-specific quote, especially given the town's real documented flood history near Hawksbill Creek.

Real, documented flash-flood history

Luray's own real, town-specific flood history is significant: the August 1969 remnants of Hurricane Camille pushed a home off its foundation via Hawksbill Creek floodwaters onto the Luray High School football field, with water reported two feet above the field-goal upright, and Page County was among the hardest-hit counties statewide (78 homes destroyed, 417 damaged) (base record). This is real, disclosed, town-specific history relevant to flood-insurance and property decisions near local waterways.

Key takeaways

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Last reviewed: 2026-08-24. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.