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These days, finding an affordable place to live in the Berea area can be challenging. Home prices in Berea are now at a median cost of $117,951, lower than the West Virginia average of $177,366.
The average cost of rent is $848/mo in Berea, primarily driven by the current value of real estate in the Berea area. In Berea, 19.06% of households rent, and 93.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Berea is $3,279 per month. Households that rent pay about 25.86% of their income on rent here. Berea’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
- Prunty, WV: equally priced homes
- Hazelgreen, WV: less expensive homes
- Auburn, WV: equally priced homes
- Pullman, WV: higher priced homes
- Holbrook, WV: higher priced homes
- Goffs, WV: less expensive homes
- Oxford, WV: higher priced homes
- Summers, WV: higher priced homes
- Five Forks, WV: less expensive homes
- Newberne, WV: less expensive homes
Cities with Similar Populations
- Hunt, KY: higher priced homes
- Uvada, UT: higher priced homes
- St. George, AK: equally priced homes
- Newville, CA: higher priced homes
- Spencer, ID: higher priced homes
- Hoffmeister, NY: higher priced homes
- Branson, CO: higher priced homes
- Bledsoe, TX: less expensive homes
- Blackburn, OK: higher priced homes
- Alpena, WV: higher priced homes
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