Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Ararat area can be challenging. Home prices in Ararat are now at a median cost of $110,612, lower than the Virginia average of $323,261.
The average cost of rent is $752/mo in Ararat, primarily driven by the current value of real estate in the Ararat area. While nearly 58.02% of residents own their homes outright in Ararat, 22.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ararat is $3,590 per month. Households that rent pay about 20.94% of their income on rent here. Ararat's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Carters Mills, VA: higher priced homes
- Cana, VA: equally priced homes
- Gladesboro, VA: higher priced homes
- Kibler, VA: higher priced homes
- Laurel Fork, VA: higher priced homes
- Toast, NC: equally priced homes
- Fancy Gap, VA: higher priced homes
- Claudville, VA: higher priced homes
- Lambsburg, VA: equally priced homes
- Meadows Of Dan, VA: higher priced homes
Cities with Similar Populations
- Mill City, OR: higher priced homes
- Westphalia, MI: higher priced homes
- Magnolia, OH: higher priced homes
- Hilham, TN: higher priced homes
- Mcveytown, PA: higher priced homes
- Rio, WI: higher priced homes
- Des Arc, AR: less expensive homes
- DeBerry, TX: equally priced homes
- Copperhill, TN: higher priced homes
- Solon Springs, WI: higher priced homes
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