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Affordable
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These days, finding an affordable place to live in the Faber area can be challenging. Home prices in Faber are now at a median cost of $309,649, lower than the Virginia average of $443,089.
The average cost of rent is $930/mo in Faber, primarily driven by the current value of real estate in the Faber area. In Faber, 19.68% of households rent, and 44.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Faber is $7,080 per month. Households that rent pay about 13.14% of their income on rent here. Faber’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockfish, VA: equally priced homes
- Martins Store, VA: equally priced homes
- Nellysford, VA: higher priced homes
- Covesville, VA: higher priced homes
- Wintergreen, VA: equally priced homes
- Shipman, VA: equally priced homes
- Schuyler, VA: higher priced homes
- Lovingston, VA: less expensive homes
- Heards, VA: higher priced homes
- Afton, VA: higher priced homes
Cities with Similar Populations
- Green Isle, MN: higher priced homes
- Springboro, PA: less expensive homes
- Jones, MI: less expensive homes
- Hooper Bay, AK: less expensive homes
- Hector, MN: less expensive homes
- Head of Westport, MA: higher priced homes
- Hatfield, AR: less expensive homes
- Hardyville, KY: less expensive homes
- Hammett, PA: less expensive homes
- Green Mountain, NC: less expensive homes
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