Expensive
Affordable
Affordable
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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 $131,918, lower than the Virginia average of $443,089.
The average cost of rent is $794/mo in Rayon Terrace, primarily driven by the current value of real estate in the Rayon Terrace area. In Rayon Terrace, 1.44% of households rent, and 72.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rayon Terrace is $5,422 per month. Households that rent pay about 14.64% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Covington, VA: less expensive homes
- Idlewilde, VA: higher priced homes
- Clifdale, VA: higher priced homes
- Hematite, VA: higher priced homes
- Clearwater Park, VA: higher priced homes
- Callaghan, VA: higher priced homes
- Jordan Mines, VA: equally priced homes
- Rich Patch, VA: higher 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
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- Montague, NC: higher 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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