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These days, finding an affordable place to live in the Morefield area can be challenging. Home prices in Morefield are now at a median cost of $158,027, lower than the Virginia average of $443,089.
The average cost of rent is $451/mo in Morefield, primarily driven by the current value of real estate in the Morefield area. In Morefield, 33.97% of households rent, and 60.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morefield is $2,139 per month. Households that rent pay about 21.07% of their income on rent here. Morefield’s most expensive areas are in the southeastern 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
- St. Paul, VA: less expensive homes
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Cities with Similar Populations
- Slickford, KY: less expensive homes
- Lake Hamilton, AR: higher priced homes
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- Laurel, OR: higher priced homes
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- Seward, OH: higher priced homes
- Shaffersville, PA: higher priced homes
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