The Most Affordable Neighborhoods in Greenfield, VA by Home Value

These days, finding an affordable place to live in the Greenfield area can be challenging. Home prices in Greenfield are now at a median cost of $146,734, lower than the Virginia average of $443,089.

The average cost of rent is $792/mo in Greenfield, primarily driven by the current value of real estate in the Greenfield area. In Greenfield, 11.18% of households rent, and 52.93% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Greenfield is $3,772 per month. Households that rent pay about 20.99% of their income on rent here. Greenfield’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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