Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Amherst area can be challenging. Home prices in Amherst are now at a median cost of $200,097, lower than the Virginia average of $323,261.
The average cost of rent is $753/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. While nearly 35.24% of residents own their homes outright in Amherst, 27.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $5,594 per month. Households that rent pay about 13.46% of their income on rent here. Amherst's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Sweet Briar, VA: equally priced homes
- Buffalo Hill, VA: equally priced homes
- New Glasgow, VA: less expensive homes
- Coolwell, VA: less expensive homes
- Clifford, VA: less expensive homes
- Fancy Hill, VA: higher priced homes
- Lowesville, VA: higher priced homes
- Monroe, VA: equally priced homes
- Gidsville, VA: higher priced homes
- Tye River, VA: equally priced homes
Cities with Similar Populations
- Old Greenwich, CT: higher priced homes
- Fisherville, KY: higher priced homes
- Travilah, MD: higher priced homes
- Shepherdstown, WV: higher priced homes
- Shepherd, MI: less expensive homes
- Ligonier, PA: equally priced homes
- Forest Hill, MD: higher priced homes
- Fort Belvoir, VA: higher priced homes
- Seymour, MO: less expensive homes
- Seven Points, TX: less expensive homes
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