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These days, finding an affordable place to live in the Pence Springs area can be challenging. Home prices in Pence Springs are now at a median cost of $137,721, lower than the West Virginia average of $138,399.
The average cost of rent is $645/mo in Pence Springs, primarily driven by the current value of real estate in the Pence Springs area. While nearly 57.84% of residents own their homes outright in Pence Springs, 20.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pence Springs is $3,828 per month. Households that rent pay about 16.85% of their income on rent here. Pence Springs's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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Cities with Similar Populations
- Harding, GA: equally priced homes
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- Helix, OR: higher priced homes
- Heilman, IN: equally priced homes
- Hebron, MO: higher priced homes
- Heathsville, NC: less expensive homes
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