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These days, finding an affordable place to live in the Carfax area can be challenging. Home prices in Carfax are now at a median cost of $88,867, lower than the Virginia average of $443,089.
The average cost of rent is $917/mo in Carfax, primarily driven by the current value of real estate in the Carfax area. In Carfax, 14.11% of households rent, and 64.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carfax is $2,974 per month. Households that rent pay about 30.84% of their income on rent here. Carfax’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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