The Most Affordable Neighborhoods in Norton City, VA by Home Value

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These days, finding an affordable place to live in the Norton City area can be challenging. Home prices in Norton City are now at a median cost of $87,442, lower than the Virginia average of $323,261.

The average cost of rent is $409/mo in Norton City, primarily driven by the current value of real estate in the Norton City area. While nearly 67.60% of residents own their homes outright in Norton City, 43.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Norton City is $3,039 per month. Households that rent pay about 13.46% of their income on rent here. Norton City's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the county.

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