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These days, finding an affordable place to live in the Lorado area can be challenging. Home prices in Lorado are now at a median cost of $84,869, lower than the West Virginia average of $177,366.
The average cost of rent is $628/mo in Lorado, primarily driven by the current value of real estate in the Lorado area. In Lorado, 22.23% of households rent, and 86.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lorado is $3,383 per month. Households that rent pay about 18.57% of their income on rent here. Lorado’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pardee, WV: less expensive homes
- Robinette, WV: less expensive homes
- Amherstdale, WV: higher priced homes
- Blair, WV: higher priced homes
- Cyclone, WV: less expensive homes
- Saunders, WV: less expensive homes
- Accoville, WV: less expensive homes
- Davin, WV: equally priced homes
- Hatcher, WV: less expensive homes
- Wharton, WV: less expensive homes
Cities with Similar Populations
- Surprise, NE: higher priced homes
- Stoneham, CO: higher priced homes
- Strawberry, CA: higher priced homes
- Strother, SC: higher priced homes
- Stroud, AL: higher priced homes
- Sudith, KY: higher priced homes
- Sugar Creek, TN: higher priced homes
- Sulphur, IN: higher priced homes
- Summitville, CO: higher priced homes
- Sunny Hill, IL: higher priced homes
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