The Most Affordable Neighborhoods in Scott Addition, VA by Home Value

 

Scott Addition, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Scott Addition area can be challenging. Home prices in Scott Addition are now at a median cost of $221,876, lower than the Virginia average of $323,261.

The average cost of rent is $668/mo in Scott Addition, primarily driven by the current value of real estate in the Scott Addition area. While nearly 49.85% of residents own their homes outright in Scott Addition, 17.20% rent.

Housing affordability isn’t just about home prices, though. The average household income in Scott Addition is $5,680 per month. Households that rent pay about 11.77% of their income on rent here. Scott Addition's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.


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