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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 $164,564, lower than the Virginia average of $443,089.
The average cost of rent is $791/mo in Drakes Branch, primarily driven by the current value of real estate in the Drakes Branch area. In Drakes Branch, 28.38% of households rent, and 63.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drakes Branch is $4,270 per month. Households that rent pay about 18.54% of their income on rent here. Drakes Branch’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ontario, VA: equally priced homes
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Cities with Similar Populations
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