Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Drakes Branch area can be challenging. Home prices in Drakes Branch are now at a median cost of $97,484, lower than the Virginia average of $323,261.
The average cost of rent is $642/mo in Drakes Branch, primarily driven by the current value of real estate in the Drakes Branch area. While nearly 60.32% of residents own their homes outright in Drakes Branch, 30.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Drakes Branch is $4,053 per month. Households that rent pay about 15.84% of their income on rent here. Drakes Branch's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Ontario, VA: equally priced homes
- Eureka, VA: higher priced homes
- Saxe, VA: equally priced homes
- Keysville, VA: higher priced homes
- Plantersville, VA: higher priced homes
- Randolph, VA: higher priced homes
- Finneywood, VA: less expensive homes
- Wylliesburg, VA: equally priced homes
- Womacks, VA: higher priced homes
- Providence, VA: higher priced homes
Cities with Similar Populations
- Assumption, IL: less expensive homes
- West Stockbridge, MA: higher priced homes
- Aurora, TX: higher priced homes
- West Berlin, OH: higher priced homes
- Boise City, OK: less expensive homes
- Bear Creek, WI: higher priced homes
- Penn Run, PA: higher priced homes
- North New Portland, ME: higher priced homes
- Oaktown, IN: equally priced homes
- Okeene, OK: equally priced homes
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