Expensive
Affordable
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These days, finding an affordable place to live in the Rice area can be challenging. Home prices in Rice are now at a median cost of $227,969, lower than the Virginia average of $443,089.
The average cost of rent is $1,017/mo in Rice, primarily driven by the current value of real estate in the Rice area. In Rice, 38.26% of households rent, and 44.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rice is $5,238 per month. Households that rent pay about 19.42% of their income on rent here. Rice’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gills, VA: equally priced homes
- Stoddert, VA: less expensive homes
- Farmville, VA: equally priced homes
- Burkeville, VA: less expensive homes
- Green Bay, VA: equally priced homes
- Paineville, VA: higher priced homes
- Hampden-Sydney, VA: equally priced homes
- Worsham, VA: less expensive homes
- Crewe, VA: less expensive homes
- Jetersville, VA: higher priced homes
Cities with Similar Populations
- Maxwell, TX: higher priced homes
- Palo, IA: higher priced homes
- Orrstown, PA: higher priced homes
- Okarche, OK: higher priced homes
- Ocoee, TN: less expensive homes
- North Bangor, NY: less expensive homes
- Newfoundland, PA: equally priced homes
- Meadowlakes, TX: higher priced homes
- McBean, GA: less expensive homes
- Rhoadesville, VA: higher priced homes
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