The Most Affordable Neighborhoods in Hockley, VA by Home Value

 

Hockley, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hockley area can be challenging. Home prices in Hockley are now at a median cost of $215,665, lower than the Virginia average of $323,261.

The average cost of rent is $947/mo in Hockley, primarily driven by the current value of real estate in the Hockley area. While nearly 43.45% of residents own their homes outright in Hockley, 19.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hockley is $6,936 per month. Households that rent pay about 13.66% of their income on rent here. Hockley's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.


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