The Most Affordable Neighborhoods in Berkeley Springs, WV by Home Value

 

Berkeley Springs, WV Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Berkeley Springs area can be challenging. Home prices in Berkeley Springs are now at a median cost of $191,283, higher than the West Virginia average of $138,399.

The average cost of rent is $812/mo in Berkeley Springs, primarily driven by the current value of real estate in the Berkeley Springs area. While nearly 36.47% of residents own their homes outright in Berkeley Springs, 14.56% rent.

Housing affordability isn’t just about home prices, though. The average household income in Berkeley Springs is $4,893 per month. Households that rent pay about 16.60% of their income on rent here. Berkeley Springs's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.


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