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Affordable
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These days, finding an affordable place to live in the Arcola area can be challenging. Home prices in Arcola are now at a median cost of $878,365, higher than the Virginia average of $443,089.
The average cost of rent is $2,303/mo in Arcola, primarily driven by the current value of real estate in the Arcola area. In Arcola, 11.50% of households rent, and 8.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arcola is $16,057 per month. Households that rent pay about 14.34% of their income on rent here. Arcola’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brambleton, VA: equally priced homes
- Stone Ridge, VA: less expensive homes
- Aldie, VA: higher priced homes
- South Riding, VA: less expensive homes
- Lenah, VA: higher priced homes
- Broadlands, VA: equally priced homes
- Hickory Grove, VA: higher priced homes
- Catharpin, VA: equally priced homes
- Ashburn, VA: less expensive homes
- McNair, VA: less expensive homes
Cities with Similar Populations
- Cedar Key, FL: less expensive homes
- Fort Davis, TX: less expensive homes
- Columbus, NM: less expensive homes
- New Rockford, ND: less expensive homes
- Dent, MN: less expensive homes
- Johnson City, KS: less expensive homes
- Crescent, IA: less expensive homes
- Converse, LA: less expensive homes
- Colrain, MA: less expensive homes
- Willow Wood, OH: less expensive homes
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