Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rayon Terrace area can be challenging. Home prices in Rayon Terrace are now at a median cost of $127,855, lower than the Virginia average of $323,261.
The average cost of rent is $665/mo in Rayon Terrace, primarily driven by the current value of real estate in the Rayon Terrace area. While nearly 67.66% of residents own their homes outright in Rayon Terrace, 8.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rayon Terrace is $3,319 per month. Households that rent pay about 20.05% of their income on rent here. Rayon Terrace's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Covington, VA: less expensive homes
- Idlewilde, VA: higher priced homes
- Clifdale, VA: higher priced homes
- Hematite, VA: equally priced homes
- Clearwater Park, VA: higher priced homes
- Callaghan, VA: higher priced homes
- Jordan Mines, VA: higher priced homes
- Rich Patch, VA: equally priced homes
- Falling Spring, VA: higher priced homes
- Mallow, VA: less expensive homes
Cities with Similar Populations
- Moselem Springs, PA: higher priced homes
- Mitchellville, AR: less expensive homes
- Modale, IA: higher priced homes
- Monolith, CA: higher priced homes
- Montague, NC: equally priced homes
- Montgomery Creek, CA: higher priced homes
- Moorheadville, PA: higher priced homes
- Moorland, KY: higher priced homes
- Moravia, TX: higher priced homes
- Morning Sun, OH: higher priced homes
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