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These days, finding an affordable place to live in the Newland area can be challenging. Home prices in Newland are now at a median cost of $340,800, lower than the Virginia average of $443,089.
The average cost of rent is $968/mo in Newland, primarily driven by the current value of real estate in the Newland area. In Newland, 41.82% of households rent, and 56.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newland is $5,378 per month. Households that rent pay about 18.00% of their income on rent here. Newland’s most expensive areas are in the eastern 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.
Nearby Cities
- Farmers Fork, VA: less expensive homes
- Ethel, VA: less expensive homes
- Templeman, VA: less expensive homes
- Foneswood, VA: less expensive homes
- Mount Landing, VA: less expensive homes
- Hinnom, VA: less expensive homes
- Champlain, VA: less expensive homes
- Chance, VA: less expensive homes
- Montross, VA: less expensive homes
- Lyells, VA: less expensive homes
Cities with Similar Populations
- Vermilion, NY: less expensive homes
- Bethel, MO: less expensive homes
- Big Oak Flat, CA: equally priced homes
- Blanconia, TX: less expensive homes
- Board Valley, TN: less expensive homes
- Sylvester, MI: less expensive homes
- Trenton, UT: higher priced homes
- Trinchera, CO: less expensive homes
- Collabar, NY: higher priced homes
- Camp Dennison, OH: higher priced homes
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