Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $187,403, lower than the Virginia average of $443,089.
The average cost of rent is $1,037/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 27.81% of households rent, and 40.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $5,388 per month. Households that rent pay about 19.24% of their income on rent here. Wakefield’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Manry, VA: higher priced homes
- Dendron, VA: equally priced homes
- Ivor, VA: higher priced homes
- Raynor, VA: higher priced homes
- Elberon, VA: higher priced homes
- Waverly, VA: equally priced homes
- Pons, VA: higher priced homes
- Littleton, VA: higher priced homes
- Homeville, VA: higher priced homes
- Corinth, VA: higher priced homes
Cities with Similar Populations
- Van Dyne, WI: higher priced homes
- Elkton, MI: less expensive homes
- Enon Valley, PA: less expensive homes
- Firth, NE: higher priced homes
- Fort Deposit, AL: less expensive homes
- Fort Gaines, GA: less expensive homes
- Waverly, WV: equally priced homes
- Waterboro, ME: higher priced homes
- Waldo, OH: higher priced homes
- Wakefield, MI: less expensive homes
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