The Most Affordable Neighborhoods in Slate, VA by Home Value

 

Slate, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Slate area can be challenging. Home prices in Slate are now at a median cost of $87,624, lower than the Virginia average of $323,261.

The average cost of rent is $593/mo in Slate, primarily driven by the current value of real estate in the Slate area. While nearly 85.34% of residents own their homes outright in Slate, 24.95% rent.

Housing affordability isn’t just about home prices, though. The average household income in Slate is $2,837 per month. Households that rent pay about 20.91% of their income on rent here. Slate's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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