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Affordable
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These days, finding an affordable place to live in the Hematite area can be challenging. Home prices in Hematite are now at a median cost of $166,100, lower than the Virginia average of $443,089.
The average cost of rent is $575/mo in Hematite, primarily driven by the current value of real estate in the Hematite area. In Hematite, 16.67% of households rent, and 92.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hematite is $6,050 per month. Households that rent pay about 9.50% of their income on rent here. Hematite’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.
Nearby Cities
- Earlehurst, VA: less expensive homes
- Jordan Mines, VA: less expensive homes
- Rayon Terrace, VA: less expensive homes
- Tuckahoe, WV: less expensive homes
- Callaghan, VA: equally priced homes
- White Sulphur Springs, WV: less expensive homes
- Clifdale, VA: less expensive homes
- Covington, VA: less expensive homes
- Idlewilde, VA: equally priced homes
- Clearwater Park, VA: equally priced homes
Cities with Similar Populations
- Red River, OH: higher priced homes
- North Salem, OH: less expensive homes
- Northwood, FL: higher priced homes
- Nubieber, CA: equally priced homes
- Nutall Rise, FL: equally priced homes
- Oak Grove, CO: higher priced homes
- Prosper, MI: less expensive homes
- Quaker, WV: equally priced homes
- Raeville, NE: equally priced homes
- Ray, IL: less expensive homes
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