One of the original 13 colonies, Virginia has a rich history, from living history museums like the Jamestown Settlement and Colonial Williamsburg, to the picturesque Blue Ridge Mountains and coastal beach towns. If you’re considering living somewhere in Virginia, chances are you also have a budget when looking for a house or apartment. to that moment Buying a House in Virginia The median home sales price is $463,700.
If that price doesn’t fit your budget, don’t worry – we have a variety of options to help you find a house or apartment that fits your budget. Redfin has rounded up the 11 best places to live in Virginia where the median home sales price is less than $463,700. from Hampton arrive Richmondlet’s take a look at which cities are on the list.
#1: Roanoke
Median house price: $225,000
Average sales price per square foot: $140
Average rent for a one-bedroom apartment: $906
Median household income: $45,664
Nearest major metro: Greensboro, NC (100 miles)
Roanoke, VA Homes for Sale
Apartments for Rent in Roanoke, VA
With a median home sale price of $225,000, Roanoke ranks No. 1 on our list of the most affordable places to live in Virginia. This medium-sized city has approximately 100,000 inhabitants. If you’re considering moving to Roanoke, be sure to head to the Mill Mountain Star at the top of Mill Mountain Park, explore downtown Roanoke, or visit one of the museums below Taubman Art Museum or Virginia Transportation Museum.
#2: Portsmouth
Median house price: $246,750
Average sales price per square foot: $175
Average rent for a one-bedroom apartment: $1,025
Median household income: $53,213
Nearest major metro: Norfolk (3 miles)
Portsmouth, VA Homes for Sale
Apartments for Rent in Portsmouth, VA
Approximately 97,900 people live in portsmouth. The median home sale price is $246,750, about $220,000 less than the Virginia median home sale price. If you find yourself moving to Virginia’s second-cheapest city, spend a night out watching a concert Atlantic Union Bank Pavilion and dine at a beachfront restaurant. Be sure to visit the charming Olde Towne Historic District or check out the following exhibits: Portsmouth Naval Dockyard Museum.
#3: Lynchburg
Median house price: $274,500
Average sales price per square foot: $162
Average rent for a one-bedroom apartment: $972
Median household income: $59,380
Nearest major metro: Roanoke (50 miles)
Lynchburg, VA Homes for Sale
Apartments for Rent in Lynchburg, VA
Lynchburg, which is only slightly more expensive than Portsmouth, is the next city on our list. Lynchburg has approximately 79,000 residents, and if you want to spend some time outdoors, be sure to visit Riverside Park along the James River and explore the Percival Island Natural Area. You can also visit downtown Lynchburg and the nearby Diamond Head Historic District and Federal Hill Historic District.
#4: Hamptons
Median house price: $280,000
Average sales price per square foot: $178
Average rent for a one-bedroom apartment: $1,223
Median household income: $59,380
Nearest major metro: Norfolk (10 miles)
Hampton, VA Homes for Sale
Apartments for Rent in Hampton, VA
Ranked as the fourth most livable city in Virginia Hampton, part of the Hampton Roads metropolitan area. While you’re living in this city of 137,100 people, you can visit one of the many museums such as virginia aerospace centervisit historic Fort Monroe National Monument, or spend a beach day at Buckroe Beach.
#5: Newport News
Median house price: $300,000
Average sales price per square foot: $189
Average rent for a one-bedroom apartment: $1,239
Median household income: $59,380
Nearest major metro: Norfolk (20 miles)
Newport News, VA Homes for Sale
Apartments for Rent in Newport News, VA
Another great place to add to your list is Newport News, just north of the Hamptons. With a city of 186,200 residents, you’ll enjoy the conveniences of city living when you move to this affordable city. Live in Newport Newsyou can visit one of the riverfront parks like Victory Landing Park, Huntington Park, or Riverview Farm Park, explore Newport News Park, or visit one of the museums Virginia Living Museum Or the Virginia War Museum.
#6: Harrisonburg
Median house price: $300,000
Average sales price per square foot: $199
Average rent for a one-bedroom apartment: $758
Median household income: $49,117
Nearest major metro: Charlottesville (55 miles)
Harrisonburg, VA Homes for Sale
Apartments for Rent in Harrisonburg, VA
Another notable city is Harrisonburg, where you’ll find home prices about $160,000 less than the state average. Harrisonburg is home to approximately 51,800 people, making it a great area to consider renting or buying a home this year. Whether you’re exploring the green spaces and flowers of the Edith J. Carrier Arboretum and Arboretum, visiting Hillandale Park, or visiting downtown Harrisonburg (where you’ll find the Saturday Harrisonburg Farmers Market), There are tons of cool things to do and see in this city.
#7: Norfolk
Median house price: $315,000
Average sales price per square foot: $201
Average rent for a one-bedroom apartment: $1,553
Median household income: $60,998
Norfolk, VA Homes for Sale
Apartments for Rent in Norfolk, VA
With a population of approximately 230,900, Norfolk is a popular city to consider. Its location along the Chesapeake Bay means great views of the waterfront. The city is best known for Norfolk Naval Base, but there is much more to explore in the area. For example, you can tour Chrysler Museum of Art and Hermitage Museum and Gardensview the exhibits virginia zooExplore downtown Norfolk, where you’ll find concert venues, historic homes, and plenty of hidden treasures. Don’t miss a visit to First Landing State Park, home to the Cape Henry Lighthouse, First Landing Beach and many hiking trails.
#8: Suffolk
Median house price: $388,752
Average sales price per square foot: $188
Average rent for a one-bedroom apartment: $1,526
Median household income: $81,883
Nearest major metro: Norfolk (20 miles)
Suffolk, VA Homes for Sale
Apartments for Rent in Suffolk, VA
Suffolk ranks eighth on our list of affordable places to live in Virginia. With a population of nearly 94,300, live in suffolk This is a good choice for those looking for mid-sized city living. Restaurants and museums.
#9: Chesapeake
Median house price: $400,000
Average sales price per square foot: $211
Average rent for a one-bedroom apartment: $1,327
Median household income: $92,703
Chesapeake, VA Homes for Sale
Apartments for Rent in Chesapeake, VA
Suffolk is located in southern Norfolk and has approximately 253,800 residents. Home prices in Chesapeake are about $60,000 less than the state average, so you can still save a lot of money. As Virginia’s second most populous city, Suffolk has a lot to offer. For example, you can enjoy the outdoors at one of the many green spaces such as the Great Dismal Swamp National Wildlife Refuge, Cavalier Wildlife Management Area, or Northwest River Park. You can also visit the city’s hidden gems like Mount Pleasant Farm, Oak Grove Lake Park, and the Chesapeake Botanical Gardens.
#10: Virginia Beach
Median house price: $400,000
Average sales price per square foot: $229
Average rent for a one-bedroom apartment: $1,520
Median household income: $87,544
Virginia Beach, VA Homes for Sale
Apartments for Rent in Virginia Beach, VA
The tenth city on our list is none other than Virginia Beach. Virginia Beach has approximately 453,600 residents, making it the most populous region in the state. Virginia Beach offers an abundance of oceanfront activities, such as enjoying the Virginia Beach waterfront, fishing from the iconic Virginia Beach Fishing Pier, visiting Neptune Park, or hiking through First Landing State Park. Don’t miss visiting like Virginia Aquarium and Marine Science Centersample local restaurants and cafes in the ViBe creative district, or visit the quaint Hunter Club Farm.
#11: Richmond
Median house price: $424,995
Average sales price per square foot: $260
Average rent for a one-bedroom apartment: $1,497
Median household income: $51,421
Richmond VA Homes for Sale
Apartments for Rent in Richmond, VA
Last but not least, our list of the most affordable places to live in Virginia is Richmond. Nearly 226,600 residents call this affordable city home. Be sure to visit historic sites, neighborhoods and museums such as Maymont House, American Civil War Museumand the Bird Park Courthouse Historic District. You can also visit Belle Isle, see the Virginia State Capitol, and catch a concert at The National Live in Richmond.
method: All cities must have more than 50,000 residents and have a median home sales price lower than the average median home sales price in Virginia, according to the U.S. Census. Median home sales and median sales price per square foot Red Fin Information Center Average rent data for the period July 2024 rental network August 2023. U.S. Census Bureau.
