Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New River area can be challenging. Home prices in New River are now at a median cost of $125,500, lower than the Virginia average of $323,261.
The average cost of rent is $655/mo in New River, primarily driven by the current value of real estate in the New River area. While nearly 61.38% of residents own their homes outright in New River, 47.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in New River is $3,440 per month. Households that rent pay about 19.04% of their income on rent here. New River's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Dublin, VA: higher priced homes
- Radford, VA: higher priced homes
- Highland, VA: higher priced homes
- Fairlawn, VA: higher priced homes
- Newbern, VA: higher priced homes
- Pepper, VA: higher priced homes
- Belspring, VA: higher priced homes
- Graysontown, VA: higher priced homes
- Parrott, VA: equally priced homes
- Childress, VA: higher priced homes
Cities with Similar Populations
- Waino, WI: higher priced homes
- Craigville, IN: higher priced homes
- Creston, WA: higher priced homes
- Crystal Bay, NV: higher priced homes
- Cuba, KY: equally priced homes
- Cutler, ME: equally priced homes
- Danforth, ME: less expensive homes
- Vardy, TN: less expensive homes
- Viewmonte, NY: higher priced homes
- Vilas, KS: higher priced homes
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