The Most Affordable Neighborhoods in Chatham Hill, VA by Home Value

These days, finding an affordable place to live in the Chatham Hill area can be challenging. Home prices in Chatham Hill are now at a median cost of $111,532, lower than the Virginia average of $443,089.

The average cost of rent is $800/mo in Chatham Hill, primarily driven by the current value of real estate in the Chatham Hill area. In Chatham Hill, 15.52% of households rent, and 69.60% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chatham Hill is $4,689 per month. Households that rent pay about 17.06% of their income on rent here. Chatham Hill’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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