Housing costs in New Hope?
A typical home costs
$251,300, which is 25.7% less expensive than the national average of
$338,100 and 26.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in New Hope costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 52.2% cheaper than the state average of
$1,400.
Can I afford New Hope?
To live comfortably in New Hope, Virginia, a minimum annual income of
$48,240 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, VA is highly affordable. With its low housing costs and minimal taxes, it's easy to see why so many families and individuals have chosen to call New Hope home. The average cost of a single-family home in the area is around $195,000, while rent averages around $900 per month. Additionally, the tax rate for the area is only 5%, making it one of the lowest rates in Virginia. This means that residents are able to save money on their income and use those savings for more enjoyable purposes such as recreation or travel. All in all, New Hope is a great place to live thanks to its low cost of living and vast array of recreational activities for everyone from young children to retirees.