The Most Affordable Neighborhoods in Millboro Springs, VA by Home Value

 

Millboro Springs, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Millboro Springs area can be challenging. Home prices in Millboro Springs are now at a median cost of $131,635, lower than the Virginia average of $323,261.

The average cost of rent is $628/mo in Millboro Springs, primarily driven by the current value of real estate in the Millboro Springs area. While nearly 39.43% of residents own their homes outright in Millboro Springs, 32.33% rent.

Housing affordability isn’t just about home prices, though. The average household income in Millboro Springs is $4,992 per month. Households that rent pay about 12.58% of their income on rent here. Millboro Springs's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.


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