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Affordable
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These days, finding an affordable place to live in the Speedwell area can be challenging. Home prices in Speedwell are now at a median cost of $176,050, lower than the Virginia average of $443,089.
The average cost of rent is $858/mo in Speedwell, primarily driven by the current value of real estate in the Speedwell area. In Speedwell, 16.25% of households rent, and 58.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Speedwell is $5,370 per month. Households that rent pay about 15.98% of their income on rent here. Speedwell’s most expensive areas are in the eastern 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
- Turkey Fork, VA: less expensive homes
- Cripple Creek, VA: less expensive homes
- Crockett, VA: equally priced homes
- Elk Creek, VA: less expensive homes
- Spring Valley, VA: less expensive homes
- Cedar Springs, VA: less expensive homes
- Huddle, VA: less expensive homes
- Lower Elk Creek, VA: less expensive homes
- Staley Crossroads, VA: equally priced homes
- Rural Retreat, VA: less expensive homes
Cities with Similar Populations
- Matthews, MD: higher priced homes
- Schulter, OK: less expensive homes
- Saylors Crossroads, SC: equally priced homes
- Satsop, WA: higher priced homes
- Menifee, AR: less expensive homes
- Meeteetse, WY: higher priced homes
- Mccurtain, OK: less expensive homes
- McCray, NC: higher priced homes
- McCall Creek, MS: equally priced homes
- Mazie, OK: higher priced homes
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