Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Redwood area can be challenging. Home prices in Redwood are now at a median cost of $214,600, lower than the Virginia average of $323,261.
The average cost of rent is $631/mo in Redwood, primarily driven by the current value of real estate in the Redwood area. While nearly 30.34% of residents own their homes outright in Redwood, 6.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redwood is $4,453 per month. Households that rent pay about 14.17% of their income on rent here. Redwood's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Rocky Mount, VA: less expensive homes
- Callaway, VA: less expensive homes
- Boones Mill, VA: less expensive homes
- Ferrum, VA: less expensive homes
- Glade Hill, VA: less expensive homes
- Wirtz, VA: higher priced homes
- Red Valley, VA: equally priced homes
- Copper Hill, VA: equally priced homes
- Bent Mountain, VA: higher priced homes
- Hardy, VA: equally priced homes
Cities with Similar Populations
- Riddleville, GA: less expensive homes
- McAllister, WI: less expensive homes
- McRaney, MS: less expensive homes
- Mechanicsville, PA: less expensive homes
- Meehan, WI: less expensive homes
- Meeks, GA: less expensive homes
- Mehan, OK: less expensive homes
- Melbeta, NE: less expensive homes
- Metaline Falls, WA: less expensive homes
- Mc Connell, IL: less expensive homes
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