The Most Affordable Neighborhoods in Burnley, VA by Home Value

 

Burnley, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Burnley area can be challenging. Home prices in Burnley are now at a median cost of $363,306, higher than the Virginia average of $323,261.

The average cost of rent is $1,265/mo in Burnley, primarily driven by the current value of real estate in the Burnley area. While nearly 47.23% of residents own their homes outright in Burnley, 26.65% rent.

Housing affordability isn’t just about home prices, though. The average household income in Burnley is $7,874 per month. Households that rent pay about 16.07% of their income on rent here. Burnley's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.


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