7 Affordable Places to Live in Virginia in 2024 - On Board Virginia

7 Affordable Places to Live in Virginia in 2024

Posted on Feb 05, 2024

There are several affordable places to live in Virginia, if you know where to look! While Virginia’s cost of living is about 1% above the national average, each location varies greatly from place to place. Smaller cities, towns, and rural communities are far more budget-friendly while offering several perks! Read our blog to discover 7 affordable places to live in Virginia in 2024! Need a fulfilling career to match your new move? Find your home in healthcare by exploring medical career pathways!

Finding the Right Environment for You

Before moving, it’s important to discuss factors such as the local job market, the cost of living, and educational opportunities. Additionally, you should consider your lifestyle to determine which environment best suits you.

Metropolitan Areas

Young professionals looking to advance their careers may gravitate toward Virginia’s larger cities. Access to urban amenities, professional networking at large companies, and socializing opportunities are top draws. Established families may also enjoy the suburbs surrounding the city outskirts.

Small Cities & Large Towns

Community-oriented individuals and young families may find a smaller city or large town appealing. Smaller cities have top urban amenities (e.g., restaurant chains, large supermarkets, access to airports) but are less crowded. On top of that, the local history and artisan scene impact the overall culture, giving each location a specific flavor.

Small Towns & Rural Living

Community-oriented individuals, young families, and nature-lovers may appreciate the calmer, stress-free pace of small towns and rural living. Affordable home prices, cheaper cost of living, and easy access to outdoor recreational activities make rural living an ideal choice for many! Additionally, rural communities offer several opportunities for healthcare professionals, including work incentives at designated healthcare professional shortage areas (HPSAs).

Wherever you live, you’re bound to find attractions that pique your interest! Our list of affordable places to live in Virginia include a mix of environments.

1. Martinsville, Virginia

You might know Martinsville, Virginia, as home to the Martinsville Speedway, a popular NASCAR track. But did you know that the independent city is great for homebuyers? Home costs are about 32% lower than the national average, with most real estate websites listing the median house prices between $101,000–$180,000.

The cost of living is about 14% lower than the national average, with lower groceries, utility, and transportation costs.

Additional statistics from the 2022 US Census:

  • Location: Included in Henry County (Southwest Virginia), about 50 miles from Roanoke
  • Population Estimate: 13,725 people
  • Median Household Income: $39,127
  • Median Rent: $736

2. Richlands, Virginia

Richlands, Virginia, began as an agricultural town in the heart of the Appalachian Mountains and has retained its historical roots. The small town boasts an everyone-knows-everyone culture and community-based lifestyle.

Real estate sites estimate the median home values in Richlands, Virginia, to be between $96,000–$120,000. The cost of living is about 28% lower than the US average.

Additional statistics from the 2022 US Census:

  • Location: Tazewell County (Southwest Virginia)
  • Population Estimate: 5,189 people
  • Median Household Income: $35,959
  • Median Rent: $824

3. Pulaski, Virginia

Pulaski, Virginia, is a small town seated in Pulaski County. As part of a larger rural mountain community, the town offers easy access to fun biking trails, scenic mountain overlooks, and pristine state parks.

Real estate sites estimate the median home values in Pulaski, Virginia, to be between $144,000–$189,500. The cost of living is about 17% lower than the US average.

Additional statistics from the 2022 US Census:

  • Location: Pulaski County (Southwest Virginia), about 60 miles from Roanoke
  • Population Estimate: 8,904 people
  • Median Household Income: $55,213
  • Median Rent: $756

4. Danville, Virginia

Blending urban amenities with small-town vibes, Danville, Virginia, hosts must-see events, concerts, and festivals annually! This independent city is also known as a “Playful City,” a national recognition for cities prioritizing the power of play to improve children’s well-being. Business expansion, entertainment options, and a growing art community make Danville perfect for young professionals and families.

Real estate sites estimate the median home values in Danville, Virginia, to be between $93,000–$136,000. The cost of living is about 30% lower than the US average.

  • Location: Included in Pittsylvania County (Southern Virginia)
  • Population Estimate: 42,229 people
  • Median Household Income: $41,484
  • Median Rent: $770

5. Roanoke, Virginia

Roanoke, Virginia, is the largest city in Virginia, west of Richmond. Nestled in the Blue Ridge Mountains, the city perfectly balances rural beauty and urban energy—making it ideal for young professionals and families. Explore the robust outdoor recreational scene and historical sites for endless fun!

Real estate sites estimate the median home values in Roanoke, Virginia, to be between $244,000–$295,000. The cost of living is about 19% lower than the US average.

  • Location: Included in the Roanoke Metropolitan Area (Southwest Virginia)
  • Population Estimate: 97,847 people
  • Median Household Income: $51,523
  • Median Rent: $917

6. Hampton, Virginia

If you enjoy the beach but hate beachtown prices, Hampton, Virginia, is a strong option for affordable properties compared to similar locations. Hampton is the 7th-most populous city in Virginia, with several shopping areas featuring local businesses. The city holds historical significance as part of a “City of Firsts.”

Real estate sites estimate the median home values in Hampton, Virginia, to be between $253,000–$265,000. The cost of living is about 12% lower than the US average.

  • Location: Included in the Hampton Roads Metropolitan Area (East Virginia)
  • Population Estimate: 138,037 people
  • Median Household Income: $64,430
  • Median Rent: $1,255

7. Norfolk, Virginia

Norfolk, Virginia, is a large city along the Chesapeake Bay with one of the top 10 booming downtowns according to USA Today. The city is a hotspot for healthcare professionals, with several notable medical facilities and educational institutes in the area, including:

  • Eastern Virginia Medical School
  • Sentara Health System
  • Children’s Hospital of the King’s Daughters

Norfolk is also close to Williamsburg, home to the College of William and Mary—the second oldest college in the US with a strong pre-med program—and the amusement park Busch Gardens. It’s no surprise that the city is appealing to young professionals and families alike!

Additional statistics from the 2022 US Census:

  • Location: Included in the Hampton Roads Metropolitan Area (East Virginia)
  • Population Estimate: 232,995 people
  • Median Household Income: $60,998
  • Median Rent: $1,188

Ready to Move to Virginia?

Understanding your lifestyle is key to narrowing down the best affordable places to live in Virginia. Young professionals looking to socialize may thrive in a city environment, while families may prefer the community in towns and rural areas.

Before moving, it’s best to consider the cost of living in the area compared to your salary expectations. Healthcare professionals are in high demand across the state, making the medical field an ideal career choice for many. Find available healthcare roles in Virginia by region with our interactive job board!