Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Virginia area can be challenging. Home prices in Virginia are now at a median cost of $323,261, higher than the the United States average of $313,691.
The average cost of rent is $1,444/mo in Virginia, primarily driven by the current value of real estate in the Virginia area. While nearly 33.82% of residents own their homes outright in Virginia, 29.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Virginia is $7,606 per month. Households that rent pay about 18.99% of their income on rent here. Virginia's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the state.
Nearby States
- District of Columbia: higher priced homes
- Maryland: higher priced homes
- West Virginia: less expensive homes
- North Carolina: less expensive homes
- Delaware: less expensive homes
- Pennsylvania: less expensive homes
- New Jersey: higher priced homes
- South Carolina: less expensive homes
- Ohio: less expensive homes
- New York: higher priced homes
States with Similar Populations
- California: higher priced homes
- Arkansas: less expensive homes
- Idaho: less expensive homes
- Hawaii: higher priced homes
- Georgia: less expensive homes
- Florida: less expensive homes
- District of Columbia: higher priced homes
- Delaware: less expensive homes
- Connecticut: higher priced homes
- Colorado: higher priced homes
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