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These days, finding an affordable place to live in the Leatherwood area can be challenging. Home prices in Leatherwood are now at a median cost of $159,027, lower than the Virginia average of $443,089.
The average cost of rent is $811/mo in Leatherwood, primarily driven by the current value of real estate in the Leatherwood area. In Leatherwood, 19.67% of households rent, and 50.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Leatherwood is $4,515 per month. Households that rent pay about 17.95% of their income on rent here. Leatherwood’s most expensive areas are in the northwestern 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
- Sandy River, VA: equally priced homes
- Sandy Level, VA: less expensive homes
- Figsboro, VA: higher priced homes
- Jones Creek, VA: equally priced homes
- Grady, VA: equally priced homes
- Axton, VA: equally priced homes
- Martinsville, VA: less expensive homes
- Callands, VA: equally priced homes
- Soapstone, VA: equally priced homes
- Collinsville, VA: less expensive homes
Cities with Similar Populations
- Dillingham, NC: higher priced homes
- Everson, PA: less expensive homes
- Elizabeth, LA: less expensive homes
- East Galesburg, IL: equally priced homes
- Duncan, NE: higher priced homes
- Downing, WI: higher priced homes
- Downing, MO: higher priced homes
- Douglassville, TX: less expensive homes
- Dixie, GA: less expensive homes
- Harvey, KY: equally priced homes
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