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These days, finding an affordable place to live in the New Virginia area can be challenging. Home prices in New Virginia are now at a median cost of $318,798, higher than the Iowa average of $226,062.
The average cost of rent is $915/mo in New Virginia, primarily driven by the current value of real estate in the New Virginia area. In New Virginia, 13.15% of households rent, and 40.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Virginia is $7,768 per month. Households that rent pay about 11.78% of their income on rent here. New Virginia’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Truro, IA: less expensive homes
- St. Marys, IA: higher priced homes
- Hanley, IA: less expensive homes
- St. Charles, IA: equally priced homes
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- Woodburn, IA: less expensive homes
- Liberty Center, IA: higher priced homes
- East Peru, IA: less expensive homes
- Norwood, IA: less expensive homes
- Medora, IA: higher priced homes
Cities with Similar Populations
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- Gaylordsville, CT: higher priced homes
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- Hardwick, VT: less expensive homes
- Higdon, AL: less expensive homes
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