Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mechanicsville area can be challenging. Home prices in Mechanicsville are now at a median cost of $319,873, lower than the Virginia average of $323,261.
The average cost of rent is $1,511/mo in Mechanicsville, primarily driven by the current value of real estate in the Mechanicsville area. While nearly 30.48% of residents own their homes outright in Mechanicsville, 14.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mechanicsville is $8,778 per month. Households that rent pay about 17.21% of their income on rent here. Mechanicsville's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Chamberlayne, VA: less expensive homes
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- Poindexters, VA: equally priced homes
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- Lakeside, VA: less expensive homes
- Montrose, VA: less expensive homes
- Laurel, VA: less expensive homes
- Hanover, VA: equally priced homes
- Sandston, VA: less expensive homes
Cities with Similar Populations
- Bay City, MI: less expensive homes
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- Laguna Niguel, CA: higher priced homes
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- Jefferson City, MO: less expensive homes
- Hot Springs, AR: less expensive homes
- Hickory, NC: less expensive homes
- Grove City, OH: less expensive homes
- Eden Prairie, MN: higher priced homes
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