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Affordable
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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 $209,013, higher than the West Virginia average of $177,366.
The average cost of rent is $1,087/mo in Pence Springs, primarily driven by the current value of real estate in the Pence Springs area. In Pence Springs, 28.39% of households rent, and 79.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pence Springs is $2,815 per month. Households that rent pay about 38.60% of their income on rent here. Pence Springs’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Harding, GA: less expensive homes
- Honest Hill, NY: equally priced homes
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- Heth, AR: less expensive homes
- Hendricks, GA: equally priced homes
- Helix, OR: higher priced homes
- Heilman, IN: less expensive homes
- Hebron, MO: equally priced homes
- Heathsville, NC: less expensive homes
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