The Most Affordable Neighborhoods in Cranes Nest, VA by Home Value

These days, finding an affordable place to live in the Cranes Nest area can be challenging. Home prices in Cranes Nest are now at a median cost of $112,773, lower than the Virginia average of $443,089.

The average cost of rent is $778/mo in Cranes Nest, primarily driven by the current value of real estate in the Cranes Nest area. In Cranes Nest, 29.71% of households rent, and 53.67% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cranes Nest is $3,620 per month. Households that rent pay about 21.49% of their income on rent here. Cranes Nest’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.

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