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These days, finding an affordable place to live in the Newsoms area can be challenging. Home prices in Newsoms are now at a median cost of $167,540, lower than the Virginia average of $443,089.
The average cost of rent is $1,030/mo in Newsoms, primarily driven by the current value of real estate in the Newsoms area. In Newsoms, 22.77% of households rent, and 46.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newsoms is $4,932 per month. Households that rent pay about 20.88% of their income on rent here. Newsoms’s most expensive areas are in the central 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
- Handsom, VA: equally priced homes
- Boykins, VA: equally priced homes
- Sunbeam, VA: equally priced homes
- Courtland, VA: higher priced homes
- Severn, NC: equally priced homes
- Delaware, VA: less expensive homes
- Boykins and Branchville, VA: higher priced homes
- Branchville, VA: equally priced homes
- Capron, VA: higher priced homes
- Riverdale, VA: equally priced homes
Cities with Similar Populations
- Belgrade Lakes, ME: higher priced homes
- Cagle, TN: higher priced homes
- Vergennes, IL: less expensive homes
- Bucklin, KS: less expensive homes
- Brady, NE: higher priced homes
- Bloomville, NY: higher priced homes
- Berger, MO: higher priced homes
- Barrettsville, GA: higher priced homes
- Ashland, KS: less expensive homes
- Aguila, AZ: higher priced homes
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