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These days, finding an affordable place to live in the Grundy area can be challenging. Home prices in Grundy are now at a median cost of $164,443, lower than the Virginia average of $443,089.
The average cost of rent is $844/mo in Grundy, primarily driven by the current value of real estate in the Grundy area. In Grundy, 20.32% of households rent, and 65.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grundy is $3,522 per month. Households that rent pay about 23.96% of their income on rent here. Grundy’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Weller, VA: equally priced homes
- Harman, VA: higher priced homes
- Longbottom, VA: higher priced homes
- Tookland, VA: less expensive homes
- Pearly, VA: less expensive homes
- Deel, VA: less expensive homes
- Home Creek, VA: less expensive homes
- Harman Junction, VA: less expensive homes
- Roseann, VA: less expensive homes
- Stacy, VA: less expensive homes
Cities with Similar Populations
- Avilla, AR: higher priced homes
- Lisle, NY: less expensive homes
- Painter, VA: higher priced homes
- Ottertail, MN: higher priced homes
- Nickelsville, VA: equally priced homes
- Niangua, MO: higher priced homes
- New Canton, VA: higher priced homes
- Montague, MA: higher priced homes
- Monroe, TN: equally priced homes
- Ludlow, VT: higher priced homes
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