The Most Affordable Neighborhoods in Loves Mill, VA by Home Value

 

Loves Mill, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Loves Mill area can be challenging. Home prices in Loves Mill are now at a median cost of $171,426, lower than the Virginia average of $443,089.

The average cost of rent is $900/mo in Loves Mill, primarily driven by the current value of real estate in the Loves Mill area. In Loves Mill, 24.48% of households rent, and 57.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Loves Mill is $4,227 per month. Households that rent pay about 21.30% of their income on rent here. Loves Mill’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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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