The Most Affordable Neighborhoods in New Hamlin, WV by Home Value

 

New Hamlin, WV Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Hamlin area can be challenging. Home prices in New Hamlin are now at a median cost of $89,306, lower than the West Virginia average of $177,366.

The average cost of rent is $801/mo in New Hamlin, primarily driven by the current value of real estate in the New Hamlin area. In New Hamlin, 5.35% of households rent, and 72.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Hamlin is $3,789 per month. Households that rent pay about 21.14% of their income on rent here. New Hamlin’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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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