The Most Affordable Neighborhoods in Cardinal, VA by Home Value

 

Cardinal, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cardinal area can be challenging. Home prices in Cardinal are now at a median cost of $278,600, lower than the Virginia average of $323,261.

The average cost of rent is $1,116/mo in Cardinal, primarily driven by the current value of real estate in the Cardinal area. While nearly 71.33% of residents own their homes outright in Cardinal, 23.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cardinal is $5,863 per month. Households that rent pay about 19.03% of their income on rent here. Cardinal's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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