The Most Affordable Neighborhoods in Graves Mill, VA by Home Value

These days, finding an affordable place to live in the Graves Mill area can be challenging. Home prices in Graves Mill are now at a median cost of $325,200, lower than the Virginia average of $443,089.

The average cost of rent is $1,210/mo in Graves Mill, primarily driven by the current value of real estate in the Graves Mill area. In Graves Mill, 19.98% of households rent, and 33.99% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Graves Mill is $9,256 per month. Households that rent pay about 13.07% of their income on rent here. Graves Mill’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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