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These days, finding an affordable place to live in the Carbo area can be challenging. Home prices in Carbo are now at a median cost of $127,467, lower than the Virginia average of $443,089.
The average cost of rent is $631/mo in Carbo, primarily driven by the current value of real estate in the Carbo area. In Carbo, 32.62% of households rent, and 60.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carbo is $3,979 per month. Households that rent pay about 15.85% of their income on rent here. Carbo’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cleveland, VA: less expensive homes
- South Clinchfield, VA: less expensive homes
- Lebanon, VA: higher priced homes
- Hansonville, VA: higher priced homes
- Carterton, VA: higher priced homes
- Temple Hill, VA: higher priced homes
- Dickensonville, VA: equally priced homes
- Sun, VA: less expensive homes
- Hamlin, VA: less expensive homes
- Bucu, VA: less expensive homes
Cities with Similar Populations
- Jacksonburg, NJ: higher priced homes
- Peru, MA: higher priced homes
- Juniata Terrace, PA: less expensive homes
- Jump, OH: higher priced homes
- Joy, OK: higher priced homes
- Jetson, KY: less expensive homes
- Java Center, NY: higher priced homes
- Jamesport, NY: higher priced homes
- Jacob City, FL: less expensive homes
- Pickens, TX: higher priced homes
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