The Most Affordable Neighborhoods in Salt Meadow Bay, Virginia Beach, VA by Home Value

 

Salt Meadow Bay, Virginia Beach, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Salt Meadow Bay area can be challenging. Home prices in Salt Meadow Bay are now at a median cost of $264,313, lower than the Virginia Beach average of $275,349.

The average cost of rent is $1,316/mo in Salt Meadow Bay, primarily driven by the current value of real estate in the Salt Meadow Bay area. While nearly 23.19% of residents own their homes outright in Salt Meadow Bay, 72.50% rent.

Housing affordability isn’t just about home prices, though. The average household income in Salt Meadow Bay is $5,707 per month. Households that rent pay about 23.06% of their income on rent here. Salt Meadow Bay's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.


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