Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Valley area can be challenging. Home prices in Red Valley are now at a median cost of $228,266, lower than the Virginia average of $323,261.
The average cost of rent is $697/mo in Red Valley, primarily driven by the current value of real estate in the Red Valley area. While nearly 44.57% of residents own their homes outright in Red Valley, 15.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Valley is $5,303 per month. Households that rent pay about 13.14% of their income on rent here. Red Valley's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Wirtz, VA: higher priced homes
- Glade Hill, VA: less expensive homes
- Union Hall, VA: higher priced homes
- North Shore, VA: higher priced homes
- Hardy, VA: equally priced homes
- Rocky Mount, VA: less expensive homes
- Moneta, VA: higher priced homes
- Boones Mill, VA: less expensive homes
- Redwood, VA: equally priced homes
- Penhook, VA: higher priced homes
Cities with Similar Populations
- Knoxville, GA: equally priced homes
- Sigel, IL: less expensive homes
- Shelbyville, TX: less expensive homes
- Quicksburg, VA: equally priced homes
- Mount Crested Butte, CO: higher priced homes
- Mound City, MO: less expensive homes
- Morrisonville, IL: less expensive homes
- McLain, MS: less expensive homes
- McGregor, IA: less expensive homes
- Maugansville, MD: equally priced homes
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