The Most Affordable Neighborhoods in Ravenswood, WV by Home Value

These days, finding an affordable place to live in the Ravenswood area can be challenging. Home prices in Ravenswood are now at a median cost of $132,819, lower than the West Virginia average of $177,366.

The average cost of rent is $1,007/mo in Ravenswood, primarily driven by the current value of real estate in the Ravenswood area. In Ravenswood, 25.29% of households rent, and 64.06% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ravenswood is $4,158 per month. Households that rent pay about 24.22% of their income on rent here. Ravenswood’s most expensive areas are in the southwestern 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.

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