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These days, finding an affordable place to live in the Timber Ridge area can be challenging. Home prices in Timber Ridge are now at a median cost of $253,988, lower than the Virginia average of $443,089.
The average cost of rent is $1,075/mo in Timber Ridge, primarily driven by the current value of real estate in the Timber Ridge area. In Timber Ridge, 13.31% of households rent, and 40.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Timber Ridge is $5,386 per month. Households that rent pay about 19.95% of their income on rent here. Timber Ridge’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockbridge Baths, VA: equally priced homes
- Fairfield, VA: less expensive homes
- East Lexington, VA: equally priced homes
- Brownsburg, VA: equally priced homes
- Lexington, VA: higher priced homes
- Riverside, VA: less expensive homes
- Kerrs Creek, VA: higher priced homes
- Vesuvius, VA: equally priced homes
- Buena Vista, VA: less expensive homes
- Denmark, VA: higher priced homes
Cities with Similar Populations
- Waneta, KY: less expensive homes
- Cullen, KY: less expensive homes
- Cutler, ME: less expensive homes
- Danforth, ME: less expensive homes
- Danieltown, VA: less expensive homes
- Daus, TN: equally priced homes
- Wade Mills, NC: less expensive homes
- Wadhams, NY: less expensive homes
- Waino, WI: equally priced homes
- Wakelee, MI: less expensive homes
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