The Most Affordable Neighborhoods in Broadway, VA by Home Value

 

Broadway, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Broadway area can be challenging. Home prices in Broadway are now at a median cost of $203,785, lower than the Virginia average of $323,261.

The average cost of rent is $866/mo in Broadway, primarily driven by the current value of real estate in the Broadway area. While nearly 35.67% of residents own their homes outright in Broadway, 25.82% rent.

Housing affordability isn’t just about home prices, though. The average household income in Broadway is $5,561 per month. Households that rent pay about 15.57% of their income on rent here. Broadway's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.


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