The Most Affordable Neighborhoods in Paeonian Springs, VA by Home Value

 

Paeonian Springs, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Paeonian Springs area can be challenging. Home prices in Paeonian Springs are now at a median cost of $867,655, higher than the Virginia average of $323,261.

The average cost of rent is $1,468/mo in Paeonian Springs, primarily driven by the current value of real estate in the Paeonian Springs area. While nearly 19.31% of residents own their homes outright in Paeonian Springs, 4.54% rent.

Housing affordability isn’t just about home prices, though. The average household income in Paeonian Springs is $20,383 per month. Households that rent pay about 7.20% of their income on rent here. Paeonian Springs's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.


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