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

 

Patrick Springs, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Patrick Springs area can be challenging. Home prices in Patrick Springs are now at a median cost of $109,231, lower than the Virginia average of $323,261.

The average cost of rent is $589/mo in Patrick Springs, primarily driven by the current value of real estate in the Patrick Springs area. While nearly 56.11% of residents own their homes outright in Patrick Springs, 22.44% rent.

Housing affordability isn’t just about home prices, though. The average household income in Patrick Springs is $4,042 per month. Households that rent pay about 14.57% of their income on rent here. Patrick Springs's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.


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