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Affordable
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These days, finding an affordable place to live in the Shoals area can be challenging. Home prices in Shoals are now at a median cost of $125,684, lower than the West Virginia average of $177,366.
The average cost of rent is $1,105/mo in Shoals, primarily driven by the current value of real estate in the Shoals area. In Shoals, 7.84% of households rent, and 46.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shoals is $6,060 per month. Households that rent pay about 18.23% of their income on rent here. Shoals’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lavalette, WV: higher priced homes
- Kenova, WV: higher priced homes
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- Prichard, WV: equally priced homes
- Lockwood, KY: higher priced homes
- Huntington, WV: higher priced homes
- Wayne, WV: equally priced homes
- South Point, OH: higher priced homes
- Catlettsburg, KY: equally priced homes
- Chesapeake, OH: higher priced homes
Cities with Similar Populations
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- Virginia Dale, CO: higher priced homes
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