The Most Affordable Neighborhoods in Oak Level, VA by Home Value

 

Oak Level, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Oak Level area can be challenging. Home prices in Oak Level are now at a median cost of $261,663, lower than the Virginia average of $443,089.

The average cost of rent is $1,191/mo in Oak Level, primarily driven by the current value of real estate in the Oak Level area. In Oak Level, 11.82% of households rent, and 72.06% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Oak Level is $7,483 per month. Households that rent pay about 15.92% of their income on rent here. Oak Level’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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