
Home Price Key
These days, finding an affordable place to live in the Paris area can be challenging. Home prices in Paris are now at a median cost of $424,112, higher than the Virginia average of $323,261.
The average cost of rent is $1,254/mo in Paris, primarily driven by the current value of real estate in the Paris area. While nearly 20.30% of residents own their homes outright in Paris, 19.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Paris is $6,166 per month. Households that rent pay about 20.33% of their income on rent here. Paris's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
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