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Affordable
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These days, finding an affordable place to live in the Oral Lake area can be challenging. Home prices in Oral Lake are now at a median cost of $436,400, higher than the West Virginia average of $177,366.
The average cost of rent is $3,501/mo in Oral Lake, primarily driven by the current value of real estate in the Oral Lake area. In Oral Lake, 36.34% of households rent, and 54.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oral Lake is $5,423 per month. Households that rent pay about 64.56% of their income on rent here. Oral Lake’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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