The Most Affordable Neighborhoods in Hiwassee, VA by Home Value

These days, finding an affordable place to live in the Hiwassee area can be challenging. Home prices in Hiwassee are now at a median cost of $164,302, lower than the Virginia average of $443,089.

The average cost of rent is $889/mo in Hiwassee, primarily driven by the current value of real estate in the Hiwassee area. In Hiwassee, 15.16% of households rent, and 34.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hiwassee is $5,103 per month. Households that rent pay about 17.43% of their income on rent here. Hiwassee’s most expensive areas are in the eastern 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.

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