The Most Affordable Neighborhoods in Iron Gate, VA by Home Value

These days, finding an affordable place to live in the Iron Gate area can be challenging. Home prices in Iron Gate are now at a median cost of $117,877, lower than the Virginia average of $443,089.

The average cost of rent is $998/mo in Iron Gate, primarily driven by the current value of real estate in the Iron Gate area. In Iron Gate, 10.62% of households rent, and 66.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Iron Gate is $3,567 per month. Households that rent pay about 27.97% of their income on rent here. Iron Gate’s most expensive areas are in the southern 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.

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