Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wise area can be challenging. Home prices in Wise are now at a median cost of $95,850, lower than the Virginia average of $323,261.
The average cost of rent is $818/mo in Wise, primarily driven by the current value of real estate in the Wise area. While nearly 64.11% of residents own their homes outright in Wise, 34.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wise is $3,843 per month. Households that rent pay about 21.28% of their income on rent here. Wise's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Stephens, VA: less expensive homes
- Tacoma, VA: higher priced homes
- Norton, VA: equally priced homes
- Round Top, VA: less expensive homes
- Cranes Nest, VA: higher priced homes
- Lipps, VA: less expensive homes
- Coeburn, VA: higher priced homes
- Toms Creek, VA: higher priced homes
- Dewey, VA: less expensive homes
- Leck, VA: less expensive homes
Cities with Similar Populations
- Rutledge, TN: higher priced homes
- Roscommon, MI: higher priced homes
- Rotonda, FL: higher priced homes
- Round Hill, VA: higher priced homes
- Round Lake Park, IL: higher priced homes
- Roxborough Park, CO: higher priced homes
- Ruidoso, NM: higher priced homes
- Rumford, RI: higher priced homes
- Rumson, NJ: higher priced homes
- Runnemede, NJ: higher priced homes
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