The Most Affordable Neighborhoods in Spout Spring, VA by Home Value

 

Spout Spring, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Spout Spring area can be challenging. Home prices in Spout Spring are now at a median cost of $173,726, lower than the Virginia average of $323,261.

The average cost of rent is $868/mo in Spout Spring, primarily driven by the current value of real estate in the Spout Spring area. While nearly 37.06% of residents own their homes outright in Spout Spring, 16.68% rent.

Housing affordability isn’t just about home prices, though. The average household income in Spout Spring is $7,081 per month. Households that rent pay about 12.26% of their income on rent here. Spout Spring's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.


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