Cost of Living,
Gretna's Real Estate Market
Danville Metro Area
Profile: Small city Location: Extreme south-central Virginia at North Carolina border Elevation: 500 Time zone: Eastern Standard Time
|Cost of living||Declining economy|
|Attractive setting||Low educational attainment|
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Danville, located in what is referred to as the “southside” part of the state, remains today a depressed center for the tobacco and textile industries. Textile giant Dan River Corporation makes its home there, and the atmosphere is generally business-friendly. However, the current employment and job-prospect figures reflect the poor economic state of the dominant industries.
Physically, the downtown area is a mix of historic and small-scale, modern buildings. The Millionaire’s Row section of Main Street is listed on the National Register of Historic Places and there are a few minor cultural assets. But the rest of the area reflects its depressed and largely working class climate, with older, uninteresting residential areas, some in poor shape, dotting the hillsides surrounding the city. The city has the lowest home prices and cost of living among Virginia’s metropolitan areas, but the declining economy and lack of intellectual stimulation gives the area a notably low rank for the state. We don’t see much change going forward.
The Dan River bisects the city on a rolling and wooded plain. Hilly, mostly wooded areas surround the city. Danville enjoys four distinct seasons with warm summers and crisp but moderate winters. The nearby hills and mountains to the northwest block extreme cold and strong storms. Precipitation is spread evenly through the year, occurring mainly as summer thunderstorms and periods of fall and winter rain, with occasional snow and freezing rain. First freeze is mid-October, last is late April.
Interesting Facts about Gretna, Virginia
As of 2014, Gretna's population is 1,409 people. Since 2000, it has had a population growth of 10.94 percent.--------------------
The median home cost in Gretna is $109,800. Home appreciation the last year has been -0.60 percent.--------------------
Compared to the rest of the country, Gretna's cost of living is 15.10% Lower than the U.S. average.--------------------
Gretna public schools spend $9,816 per student. The average school expenditure in the U.S. is $12,435. There are about 13.6 students per teacher in Gretna.--------------------
The unemployment rate in Gretna is 5.70 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Gretna jobs have Increased by 0.33 percent.
Ranked #10 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #11 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #298 2005 Best Places to Live
Ranked #340 Best Green Cities
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Average Commute time is 22 minutes. The National Average is 25 minutes.--------------------
Gretna's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes
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