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Affordable
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These days, finding an affordable place to live in the Pratts area can be challenging. Home prices in Pratts are now at a median cost of $343,193, lower than the Virginia average of $443,089.
The average cost of rent is $1,140/mo in Pratts, primarily driven by the current value of real estate in the Pratts area. In Pratts, 23.42% of households rent, and 45.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pratts is $7,205 per month. Households that rent pay about 15.83% of their income on rent here. Pratts’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Madison, VA: equally priced homes
- Aroda, VA: higher priced homes
- Rochelle, VA: equally priced homes
- Radiant, VA: equally priced homes
- Shelby, VA: equally priced homes
- Uno, VA: equally priced homes
- Oakpark, VA: higher priced homes
- Graves Mill, VA: equally priced homes
- Leon, VA: higher priced homes
- Hood, VA: equally priced homes
Cities with Similar Populations
- New Salem, TX: equally priced homes
- Oakland, RI: higher priced homes
- Oakdale, IL: less expensive homes
- Oak Forest, TX: less expensive homes
- Nuangola, PA: less expensive homes
- North Sutton, NH: higher priced homes
- North San Juan, CA: higher priced homes
- North Hodge, LA: less expensive homes
- Noorvik, AK: less expensive homes
- Nine Times, SC: higher priced homes
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