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These days, finding an affordable place to live in the Appalachia area can be challenging. Home prices in Appalachia are now at a median cost of $55,604, lower than the Virginia average of $443,089.
The average cost of rent is $764/mo in Appalachia, primarily driven by the current value of real estate in the Appalachia area. In Appalachia, 23.64% of households rent, and 64.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Appalachia is $3,324 per month. Households that rent pay about 22.98% of their income on rent here. Appalachia’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stonega, VA: higher priced homes
- Derby, VA: less expensive homes
- Lower Exeter, VA: less expensive homes
- Big Stone Gap, VA: higher priced homes
- Exeter, VA: less expensive homes
- Irondale, VA: higher priced homes
- Oreton, VA: higher priced homes
- Lynch, KY: equally priced homes
- Rawhide, VA: equally priced homes
- Calvin, VA: higher priced homes
Cities with Similar Populations
- Joseph, OR: higher priced homes
- Paris, MO: higher priced homes
- Newburgh Heights, OH: higher priced homes
- Wingo, KY: higher priced homes
- Gore, OK: higher priced homes
- Fairfield Bay, AR: higher priced homes
- Humansville, MO: higher priced homes
- Independence, WV: higher priced homes
- Iron River, WI: higher priced homes
- Isle, MN: higher priced homes
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