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These days, finding an affordable place to live in the Gratton area can be challenging. Home prices in Gratton are now at a median cost of $126,494, lower than the Virginia average of $443,089.
The average cost of rent is $682/mo in Gratton, primarily driven by the current value of real estate in the Gratton area. In Gratton, 17.09% of households rent, and 62.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gratton is $5,939 per month. Households that rent pay about 11.48% of their income on rent here. Gratton’s most expensive areas are in the central 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
- Wittens Mills, VA: less expensive homes
- Tazewell, VA: higher priced homes
- North Tazewell, VA: less expensive homes
- Springville, VA: equally priced homes
- Cove Creek, VA: higher priced homes
- Shawver Mill, VA: equally priced homes
- Tiptop, VA: less expensive homes
- Bishop, VA: less expensive homes
- Pisgah, VA: higher priced homes
- Ceres, VA: less expensive homes
Cities with Similar Populations
- Peach Creek, WV: less expensive homes
- Poplar, CA: higher priced homes
- Polar, WI: higher priced homes
- Point Comfort, TX: higher priced homes
- Plumwood, OH: higher priced homes
- Pleasant Grove, OH: higher priced homes
- Pistol Ridge, MS: equally priced homes
- Pinedale, MS: higher priced homes
- Pine Valley, NJ: higher priced homes
- Pine, TX: higher priced homes
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