The Most Affordable Neighborhoods in Hamilton, VA by Home Value

 

Hamilton, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hamilton area can be challenging. Home prices in Hamilton are now at a median cost of $650,937, higher than the Virginia average of $323,261.

The average cost of rent is $1,321/mo in Hamilton, primarily driven by the current value of real estate in the Hamilton area. While nearly 19.00% of residents own their homes outright in Hamilton, 14.63% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hamilton is $14,817 per month. Households that rent pay about 8.92% of their income on rent here. Hamilton's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.


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