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These days, finding an affordable place to live in the Mitchelltown area can be challenging. Home prices in Mitchelltown are now at a median cost of $196,359, lower than the Virginia average of $443,089.
The average cost of rent is $781/mo in Mitchelltown, primarily driven by the current value of real estate in the Mitchelltown area. In Mitchelltown, 29.82% of households rent, and 57.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mitchelltown is $7,566 per month. Households that rent pay about 10.32% of their income on rent here. Mitchelltown’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millboro Springs, VA: less expensive homes
- West Warm Springs, VA: higher priced homes
- McClung, VA: higher priced homes
- Griffith, VA: less expensive homes
- Millboro, VA: equally priced homes
- Bacova, VA: higher priced homes
- Healing Springs, VA: higher priced homes
- Hot Springs, VA: equally priced homes
- Bacova Junction, VA: equally priced homes
- Warm Springs, VA: higher priced homes
Cities with Similar Populations
- Norma, ND: less expensive homes
- Moravia, OK: less expensive homes
- Moree, KY: less expensive homes
- Morrison Creek, TN: less expensive homes
- Morristown, SD: less expensive homes
- Morton, KS: less expensive homes
- Morton, WY: higher priced homes
- Moscow Hill, NY: less expensive homes
- Mount Blanco, TX: less expensive homes
- Mount Hood, OR: higher priced homes
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