Home Price Key
Affordable
Average
Expensive
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 $107,750, lower than the Virginia average of $323,261.
The average cost of rent is $496/mo in Cranes Nest, primarily driven by the current value of real estate in the Cranes Nest area. While nearly 45.11% of residents own their homes outright in Cranes Nest, 29.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cranes Nest is $4,443 per month. Households that rent pay about 11.17% 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.
Nearby Cities
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Cities with Similar Populations
- Blue Mountain, AR: less expensive homes
- Parris Island, SC: higher priced homes
- Bradley, SD: equally priced homes
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- Boos, IL: equally priced homes
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- Kenoma, MO: higher priced homes
- Richgrove, CA: higher priced homes
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