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Affordable
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These days, finding an affordable place to live in the Prater area can be challenging. Home prices in Prater are now at a median cost of $129,250, lower than the Virginia average of $443,089.
The average cost of rent is $647/mo in Prater, primarily driven by the current value of real estate in the Prater area. In Prater, 8.42% of households rent, and 75.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prater is $3,745 per month. Households that rent pay about 17.28% of their income on rent here. Prater’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vansant, VA: less expensive homes
- Leemaster, VA: less expensive homes
- Tookland, VA: less expensive homes
- Vicey, VA: less expensive homes
- Pearly, VA: less expensive homes
- Deskins, VA: less expensive homes
- Murphy, VA: less expensive homes
- Deel, VA: less expensive homes
- Longbottom, VA: higher priced homes
- Birchleaf, VA: less expensive homes
Cities with Similar Populations
- Advent, WV: higher priced homes
- Airlie, VA: higher priced homes
- Plymouth Center, OH: higher priced homes
- Perkinsville, NY: less expensive homes
- Pine Hill, NY: higher priced homes
- Pine Hills, CA: higher priced homes
- Piney River, VA: higher priced homes
- Pittsburg, IN: higher priced homes
- Pittsfield, VT: higher priced homes
- Plattsville, OH: higher priced homes
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