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These days, finding an affordable place to live in the Isle of Wight area can be challenging. Home prices in Isle of Wight are now at a median cost of $290,707, lower than the Virginia average of $443,089.
The average cost of rent is $1,275/mo in Isle of Wight, primarily driven by the current value of real estate in the Isle of Wight area. In Isle of Wight, 14.29% of households rent, and 38.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Isle of Wight is $6,561 per month. Households that rent pay about 19.43% of their income on rent here. Isle of Wight’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Longview, VA: higher priced homes
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- Lawson, VA: higher priced homes
- Windsor, VA: equally priced homes
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- Carrollton, VA: higher priced homes
Cities with Similar Populations
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