Housing costs in Paint Bank?
A typical home costs
$195,700, which is 42.1% less expensive than the national average of
$338,100 and 43.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Paint Bank costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,400.
Can I afford Paint Bank?
To live comfortably in Paint Bank (zip 24131), Virginia, a minimum annual income of
$37,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Paint Bank?
The cost of living in 24131 Paint Bank, VA is quite affordable. The average home price is $91,800, which is much lower than the national average. Along with its low real estate prices, the area enjoys a low tax rate and overall cost of goods and services. Groceries, utility bills, transportation costs and other expenses remain relatively low compared to other areas in the state. With its close proximity to larger cities like Roanoke and Lynchburg, residents can enjoy a more rural way of life without sacrificing access to urban amenities. All-in-all, 24131 Paint Bank offers a great balance of affordability and quality of life that appeals to many people who are looking for an affordable place to live in Virginia.