The Most Affordable Neighborhoods in Paint Bank, VA by Home Value

 

Paint Bank, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Paint Bank area can be challenging. Home prices in Paint Bank are now at a median cost of $144,021, lower than the Virginia average of $443,089.

The average cost of rent is $713/mo in Paint Bank, primarily driven by the current value of real estate in the Paint Bank area. In Paint Bank, 7.01% of households rent, and 49.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Paint Bank is $5,727 per month. Households that rent pay about 12.44% of their income on rent here. Paint Bank’s most expensive areas are in the southern 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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