The Most Affordable Neighborhoods in Flat Gap, VA by Home Value

 

Flat Gap, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Flat Gap area can be challenging. Home prices in Flat Gap are now at a median cost of $90,504, lower than the Virginia average of $323,261.

The average cost of rent is $915/mo in Flat Gap, primarily driven by the current value of real estate in the Flat Gap area. While nearly 67.50% of residents own their homes outright in Flat Gap, 15.04% rent.

Housing affordability isn’t just about home prices, though. The average household income in Flat Gap is $3,854 per month. Households that rent pay about 23.74% of their income on rent here. Flat Gap's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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