Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gum Tree area can be challenging. Home prices in Gum Tree are now at a median cost of $383,965, higher than the Virginia average of $323,261.
The average cost of rent is $1,031/mo in Gum Tree, primarily driven by the current value of real estate in the Gum Tree area. While nearly 43.19% of residents own their homes outright in Gum Tree, 12.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gum Tree is $8,016 per month. Households that rent pay about 12.86% of their income on rent here. Gum Tree's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Doswell, VA: less expensive homes
- Verdon, VA: less expensive homes
- Ashland, VA: less expensive homes
- North Anna, VA: less expensive homes
- Studley, VA: equally priced homes
- Taylorsville, VA: less expensive homes
- Blantons, VA: less expensive homes
- Lorne, VA: less expensive homes
- Hewlett, VA: less expensive homes
- Montpelier, VA: less expensive homes
Cities with Similar Populations
- Virginia City, MT: less expensive homes
- Beetown, WI: less expensive homes
- Belknap, IL: less expensive homes
- Bellingham, MN: less expensive homes
- Belva, WV: less expensive homes
- Zamora, CA: higher priced homes
- Bena, MN: less expensive homes
- Zalma, MO: less expensive homes
- Bens Run, WV: less expensive homes
- Berwick, IL: less expensive homes
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