Home Price Key
Affordable
Average
Expensive
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 $279,629, lower than the Virginia average of $323,261.
The average cost of rent is $1,096/mo in Isle of Wight, primarily driven by the current value of real estate in the Isle of Wight area. While nearly 31.17% of residents own their homes outright in Isle of Wight, 18.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Isle of Wight is $8,439 per month. Households that rent pay about 12.99% of their income on rent here. Isle of Wight's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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