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Affordable
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These days, finding an affordable place to live in the Gum Spring area can be challenging. Home prices in Gum Spring are now at a median cost of $350,295, lower than the Virginia average of $443,089.
The average cost of rent is $1,460/mo in Gum Spring, primarily driven by the current value of real estate in the Gum Spring area. In Gum Spring, 15.69% of households rent, and 33.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gum Spring is $7,484 per month. Households that rent pay about 19.51% of their income on rent here. Gum Spring’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sandy Hook, VA: higher priced homes
- Shelfar, VA: less expensive homes
- South Anna, VA: less expensive homes
- Hadensville, VA: equally priced homes
- Irwin, VA: higher priced homes
- Goochland, VA: higher priced homes
- Dabneys, VA: equally priced homes
- Maidens, VA: higher priced homes
- Georges Tavern, VA: equally priced homes
- Yanceyville, VA: less expensive homes
Cities with Similar Populations
- Sophia, WV: less expensive homes
- Francis, UT: higher priced homes
- Franklin, VT: less expensive homes
- Garnett, SC: less expensive homes
- Genesee, MI: less expensive homes
- Gilmanton Iron Works, NH: higher priced homes
- Grand Canyon Village, AZ: less expensive homes
- Grand Meadow, MN: less expensive homes
- Grimsley, TN: less expensive homes
- Hickory, LA: less expensive homes
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