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Affordable
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These days, finding an affordable place to live in the Shanks area can be challenging. Home prices in Shanks are now at a median cost of $198,410, higher than the West Virginia average of $177,366.
The average cost of rent is $690/mo in Shanks, primarily driven by the current value of real estate in the Shanks area. In Shanks, 18.65% of households rent, and 61.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shanks is $4,328 per month. Households that rent pay about 15.94% of their income on rent here. Shanks’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Augusta, WV: equally priced homes
- Romney, WV: equally priced homes
- Pleasantdale, WV: higher priced homes
- Three Churches, WV: higher priced homes
- Wapocomo, WV: equally priced homes
- Delray, WV: less expensive homes
- Rio, WV: less expensive homes
- Millbrook, WV: equally priced homes
- Loom, WV: higher priced homes
- Kirby, WV: less expensive homes
Cities with Similar Populations
- Axson, GA: less expensive homes
- Woodsboro, TX: less expensive homes
- White Oak, NC: less expensive homes
- Wausaukee, WI: less expensive homes
- Three Lakes, WI: higher priced homes
- Thorndale, TX: equally priced homes
- The Plains, VA: higher priced homes
- Strum, WI: higher priced homes
- Fairfield, VA: equally priced homes
- Corydon, IA: less expensive homes
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