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These days, finding an affordable place to live in the State Farm area can be challenging. Home prices in State Farm are now at a median cost of $450,738, higher than the Virginia average of $443,089.
The average cost of rent is $1,299/mo in State Farm, primarily driven by the current value of real estate in the State Farm area. In State Farm, 7.87% of households rent, and 45.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in State Farm is $7,785 per month. Households that rent pay about 16.69% of their income on rent here. State Farm’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Crozier, VA: higher priced homes
- Lee, VA: equally priced homes
- Sabot, VA: equally priced homes
- Beaumont, VA: equally priced homes
- Fine Creek Mills, VA: equally priced homes
- Jefferson, VA: equally priced homes
- Michaux, VA: equally priced homes
- Oilville, VA: equally priced homes
- Maidens, VA: higher priced homes
- Powhatan, VA: equally priced homes
Cities with Similar Populations
- Pine Meadow, CT: less expensive homes
- Morrisonville, IL: less expensive homes
- Mount Crested Butte, CO: higher priced homes
- Mount Hope, OH: equally priced homes
- Newfolden, MN: less expensive homes
- Olene, OR: equally priced homes
- Orrville, AL: less expensive homes
- Otwell, IN: less expensive homes
- Palisades, NY: higher priced homes
- McGregor, IA: less expensive homes
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