Home Price Key
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These days, finding an affordable place to live in the Denmark area can be challenging. Home prices in Denmark are now at a median cost of $270,297, lower than the Virginia average of $323,261.
The average cost of rent is $1,108/mo in Denmark, primarily driven by the current value of real estate in the Denmark area. While nearly 51.37% of residents own their homes outright in Denmark, 35.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Denmark is $4,933 per month. Households that rent pay about 22.45% of their income on rent here. Denmark's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
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