The Most Affordable Neighborhoods in Lowes Island, VA by Home Value

 

Lowes Island, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lowes Island area can be challenging. Home prices in Lowes Island are now at a median cost of $879,301, higher than the Virginia average of $443,089.

The average cost of rent is $2,684/mo in Lowes Island, primarily driven by the current value of real estate in the Lowes Island area. In Lowes Island, 7.93% of households rent, and 18.90% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lowes Island is $19,803 per month. Households that rent pay about 13.55% of their income on rent here. Lowes Island’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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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