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

 

New Point, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Point area can be challenging. Home prices in New Point are now at a median cost of $406,700, lower than the Virginia average of $443,089.

The average cost of rent is $1,161/mo in New Point, primarily driven by the current value of real estate in the New Point area. In New Point, 5.00% of households rent, and 52.26% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Point is $6,646 per month. Households that rent pay about 17.47% of their income on rent here. New Point’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.


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