The Most Affordable Neighborhoods in New Hampden, VA by Home Value

 

New Hampden, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Hampden area can be challenging. Home prices in New Hampden are now at a median cost of $184,264, lower than the Virginia average of $323,261.

The average cost of rent is $581/mo in New Hampden, primarily driven by the current value of real estate in the New Hampden area. While nearly 59.54% of residents own their homes outright in New Hampden, 14.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Hampden is $4,609 per month. Households that rent pay about 12.60% of their income on rent here. New Hampden's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.


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