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Affordable
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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 $377,218, lower than the Virginia average of $443,089.
The average cost of rent is $1,079/mo in Denmark, primarily driven by the current value of real estate in the Denmark area. In Denmark, 16.92% of households rent, and 40.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Denmark is $6,873 per month. Households that rent pay about 15.70% of their income on rent here. Denmark’s most expensive areas are in the central 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.
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