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Affordable
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These days, finding an affordable place to live in the Lanark area can be challenging. Home prices in Lanark are now at a median cost of $98,900, lower than the West Virginia average of $177,366.
The average cost of rent is $784/mo in Lanark, primarily driven by the current value of real estate in the Lanark area. In Lanark, 13.92% of households rent, and 49.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lanark is $5,532 per month. Households that rent pay about 14.17% of their income on rent here. Lanark’s most expensive areas are in the central 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.
Nearby Cities
- Warden, WV: equally priced homes
- Stanaford, WV: higher priced homes
- Piney View, WV: equally priced homes
- Skelton, WV: higher priced homes
- Prosperity, WV: higher priced homes
- Sprague, WV: higher priced homes
- Ameagle, WV: higher priced homes
- Beckley, WV: higher priced homes
- Bradley, WV: higher priced homes
- Raleigh, WV: higher priced homes
Cities with Similar Populations
- Morse, OK: higher priced homes
- Mentor, KY: higher priced homes
- Aaron, KY: higher priced homes
- Mesa, ID: higher priced homes
- Messer, OK: higher priced homes
- Messick, IN: higher priced homes
- Metcalf, GA: higher priced homes
- Metea, IN: higher priced homes
- Miami, MO: higher priced homes
- Michigan City, ND: higher priced homes
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