The Most Affordable Neighborhoods in Ballentine Place, Norfolk, VA by Home Value

 

Ballentine Place, Norfolk, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ballentine Place area can be challenging. Home prices in Ballentine Place are now at a median cost of $170,092, lower than the Norfolk average of $234,953.

The average cost of rent is $1,121/mo in Ballentine Place, primarily driven by the current value of real estate in the Ballentine Place area. While nearly 23.71% of residents own their homes outright in Ballentine Place, 40.56% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ballentine Place is $5,276 per month. Households that rent pay about 21.26% of their income on rent here. Ballentine Place's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.


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