The Most Affordable Neighborhoods in Laurel Fork, VA by Home Value

These days, finding an affordable place to live in the Laurel Fork area can be challenging. Home prices in Laurel Fork are now at a median cost of $144,735, lower than the Virginia average of $443,089.

The average cost of rent is $530/mo in Laurel Fork, primarily driven by the current value of real estate in the Laurel Fork area. In Laurel Fork, 18.37% of households rent, and 72.05% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Laurel Fork is $4,314 per month. Households that rent pay about 12.28% of their income on rent here. Laurel Fork’s most expensive areas are in the northern 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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