Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Banco area can be challenging. Home prices in Banco are now at a median cost of $261,101, lower than the Virginia average of $323,261.
The average cost of rent is $717/mo in Banco, primarily driven by the current value of real estate in the Banco area. While nearly 47.54% of residents own their homes outright in Banco, 9.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banco is $5,589 per month. Households that rent pay about 12.83% of their income on rent here. Banco's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Graves Mill, VA: higher priced homes
- Syria, VA: equally priced homes
- Shelby, VA: higher priced homes
- Haywood, VA: equally priced homes
- Etlan, VA: equally priced homes
- Leon, VA: higher priced homes
- Madison, VA: equally priced homes
- Wolftown, VA: higher priced homes
- Brightwood, VA: higher priced homes
- Reva, VA: higher priced homes
Cities with Similar Populations
- Sewal, IA: less expensive homes
- Corbin City, NJ: less expensive homes
- Cornersville, MS: less expensive homes
- Soda Springs, CA: higher priced homes
- Counselor, NM: less expensive homes
- Cove, MN: less expensive homes
- Hytop, AL: less expensive homes
- Olive Branch, NC: less expensive homes
- Onslow, IA: less expensive homes
- South Colton, NY: less expensive homes
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