Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Cheat Lake area can be challenging. Home prices in Cheat Lake are now at a median cost of $409,851, higher than the West Virginia average of $177,366.
The average cost of rent is $1,134/mo in Cheat Lake, primarily driven by the current value of real estate in the Cheat Lake area. In Cheat Lake, 17.52% of households rent, and 35.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheat Lake is $11,056 per month. Households that rent pay about 10.26% of their income on rent here. Cheat Lake’s most expensive areas are in the northwestern 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
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Cities with Similar Populations
- Minerva, OH: less expensive homes
- Middlebury, VT: equally priced homes
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- Middleton, MA: higher priced homes
- Middletown, KY: less expensive homes
- Midland, NC: equally priced homes
- Mifflinburg, PA: less expensive homes
- Miles City, MT: less expensive homes
- Wingate, NC: less expensive homes
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