The Most Affordable Neighborhoods in Cheriton, VA by Home Value

 

Cheriton, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cheriton area can be challenging. Home prices in Cheriton are now at a median cost of $137,500, lower than the Virginia average of $323,261.

The average cost of rent is $828/mo in Cheriton, primarily driven by the current value of real estate in the Cheriton area. While nearly 60.68% of residents own their homes outright in Cheriton, 40.41% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cheriton is $3,403 per month. Households that rent pay about 24.33% of their income on rent here. Cheriton's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.


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