The Most Affordable Neighborhoods in Rich Patch, VA by Home Value

 

Rich Patch, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Rich Patch area can be challenging. Home prices in Rich Patch are now at a median cost of $137,563, lower than the Virginia average of $323,261.

The average cost of rent is $870/mo in Rich Patch, primarily driven by the current value of real estate in the Rich Patch area. While nearly 58.61% of residents own their homes outright in Rich Patch, 8.75% rent.

Housing affordability isn’t just about home prices, though. The average household income in Rich Patch is $4,286 per month. Households that rent pay about 20.31% of their income on rent here. Rich Patch's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.


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