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

 

Spring Mills, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Spring Mills area can be challenging. Home prices in Spring Mills are now at a median cost of $142,046, lower than the Virginia average of $323,261.

The average cost of rent is $749/mo in Spring Mills, primarily driven by the current value of real estate in the Spring Mills area. While nearly 38.80% of residents own their homes outright in Spring Mills, 16.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in Spring Mills is $4,487 per month. Households that rent pay about 16.69% of their income on rent here. Spring Mills's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.


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