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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 $103,780, lower than the Virginia average of $443,089.
The average cost of rent is $773/mo in Slate, primarily driven by the current value of real estate in the Slate area. In Slate, 19.15% of households rent, and 85.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Slate is $3,110 per month. Households that rent pay about 24.87% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pilgrims Knob, VA: equally priced homes
- Stacy, VA: equally priced homes
- Patterson, VA: higher priced homes
- Jolo, WV: less expensive homes
- Roth, VA: less expensive homes
- Whitewood, VA: equally priced homes
- Paynesville, WV: less expensive homes
- Harman, VA: higher priced homes
- Roseann, VA: higher priced homes
- Hurley, VA: less expensive homes
Cities with Similar Populations
- Allentown, NY: equally priced homes
- Parlett, OH: equally priced homes
- Peabody, KY: less expensive homes
- Paynesville, MO: higher priced homes
- Paul Spur, AZ: higher priced homes
- Pattonville, OH: higher priced homes
- Patsburg, AL: higher priced homes
- Passport, IL: higher priced homes
- Parnell, MO: less expensive homes
- Parnell, IL: higher priced homes
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