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These days, finding an affordable place to live in the Speed area can be challenging. Home prices in Speed are now at a median cost of $103,700, lower than the West Virginia average of $177,366.
The average cost of rent is $700/mo in Speed, primarily driven by the current value of real estate in the Speed area. In Speed, 12.74% of households rent, and 72.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Speed is $3,886 per month. Households that rent pay about 18.02% of their income on rent here. Speed’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
- Clio, WV: equally priced homes
- Countsville, WV: higher priced homes
- Spencer, WV: higher priced homes
- Reedyville, WV: higher priced homes
- Clover, WV: equally priced homes
- Harmony, WV: higher priced homes
- Roxalana, WV: higher priced homes
- Gandeeville, WV: higher priced homes
- Nancy Run, WV: higher priced homes
- Otto, WV: higher priced homes
Cities with Similar Populations
- Lavina, MT: higher priced homes
- Lost Creek, PA: less expensive homes
- Lorraine, NY: higher priced homes
- Lobelia, NC: higher priced homes
- Littles Corners, PA: higher priced homes
- Lindenwood, IL: higher priced homes
- Lightwood, AL: higher priced homes
- Lexington, OR: higher priced homes
- Lesterville, SD: higher priced homes
- Leota, IN: higher priced homes
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