The Most Affordable Neighborhoods in Gloucester Courthouse, VA by Home Value

 

Gloucester Courthouse, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gloucester Courthouse area can be challenging. Home prices in Gloucester Courthouse are now at a median cost of $271,238, lower than the Virginia average of $323,261.

The average cost of rent is $962/mo in Gloucester Courthouse, primarily driven by the current value of real estate in the Gloucester Courthouse area. While nearly 38.87% of residents own their homes outright in Gloucester Courthouse, 30.06% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gloucester Courthouse is $5,723 per month. Households that rent pay about 16.81% of their income on rent here. Gloucester Courthouse's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.


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