The 5 Most Affordable Places to Live In Virginia


Jamie Ayers


March 8th, 2021


Are you looking for an affordable place to live in Virginia? Well, the D.C. area is out, but most of the rest of the state is very affordable! Here are our top five affordable places to live in the Old Dominion.

Considering moving to Virginia?

With its proximity to Washington, DC, Virginia is home to some expensive real estate. The median home value in Arlington, for example, is nearly $700,000.

However, the DC area is just a small part of the state. The Virginia real estate market is as vast and diverse as the state. From beach towns to cities to small mountain towns, there's a place for everyone in Virginia. And most of the state is far more affordable than NOVA.

» FIND: Top Real Estate Agents in Virginia

Here are five of our favorite affordable places to live in Virginia.

Learn More: The Best Time to Buy a House in Virginia

Looking for an affordable home in Virginia?

Find the perfect properties and save on commission with a Partner Agent.

1. Bluefield

Located in Appalachia on the West Virginia border, Bluefield is the twin city of Bluefield, West Virginia. Bluefield has a population of around 5,500 and is the largest town in Tazewell County. The greater Bluefield micropolitan area has almost 110,000 people. A median home in Bluefield costs $89,200, a 2.8% increase from last year.

Bluefield has grown a lot since the early 1990s. The area now has a number of strip malls, a medical center, and a Super Wal-Mart.

Bluefield is home to Bowen Field, where minor league baseball team Bluefield Blue Jays play their home games. It's also home to Bluefield College, which has soccer, basketball, football, and baseball teams.

2. Newport News

If you like affordable beach living, you'll love Newport News, a wonderful city of around 183,000 people in Virginia Beach, a popular and lively coastal area. The median home value in Newport News is $180,200, 4.0% higher than one year ago.

Newport News is at the southeastern tip of the Virginia Peninsula. It's located on the northern shore of the James River and contains miles of waterfront area, from Skiffes Creek to the Newport News Point on the harbor of Hampton Roads. Newport News is also part of the Hampton Roads metro area.

Newport News is home to a number of museums and cultural centers, including the Mariners' Museum, Virginia War Museum, Peninsula Fine Arts Center, U.S. Army Transportation Museum, and the Ferguson Center for the Arts.

Most of the Virginia Beach area is surprisingly affordable, and Newport News is just our favorite. People interested in Newport News would also do well to consider Norfolk and Virginia Beach. The area has a low unemployment rate, and good economy, thanks to its location and port. Many local residents are employed at Newport News Shipbuilding, a joint U.S. Air Force-U.S. Army installation at Joint Base Langley-Eustis.

» FIND: Top Real Estate Agents in Newport News

Looking to buy a home in Virginia? A licensed lender can help!

The first step in your home buying journey is figuring out how much home you can afford and finding a licensed lender who can lend a hand (and a loan).

3. Bristol

Bristol, Virginia is the twin city of Bristol, Tennessee, straddling the state line. Bristol is part of the Kingsport-Bristol-Bristol Metro area, commonly called the “Tri-Cities” region.

The state line runs down the middle of State Street. There are 18,000 people on the Virginia side of Bristol and another 27,000 people on the Tennessee side. The median home value in Bristol is $110,200.

A resolution passed by Congress in 1998 declared Bristol the “Birthplace of Country Music.” The Birthplace of Country Music Museum is located in the city.

On the Tennessee side of Bristol, the city is home to the Bristol Motor Speedway, aka the “world's fastest half mile.” The speedway hosts two races per year on the NASCAR Xfinity Series circuit, two races per year on the NASCAR Sprint Cup circuit, and one race per year on the Camping World Truck Series circuit, in addition to miscellaneous racing events.

4. Roanoke

Roanoke is the largest city in Southwest Virginia. The city has a population of nearly 100,000 and the metro area has a population of nearly 310,000. Roanoke is the cultural and central hub of most of Southwest Virginia and parts of Southern West Virginia.

The median home value in Roanoke is $156,600, 6.0% higher than one year ago. Homes in the city are cheaper than homes in the surrounding suburbs.

The Downtown Roanoke EventZone is home to a number of festivals and activities. Some of Roanoke's annual events include the Chili Cook-Off, Festival in the Park, Big Lick Blues Festival, Strawberry Festival, and Local Colors Festival.

Center in the Square has been located in Downtown Roanoke since 1983. A converted warehouse, the Center houses the History Museum of Western Virginia, the Science Museum of Western Virginia, and the Hopkins Planetarium.

5. Lynchburg

Lynchburg is a city of just over 80,000, located along the banks of the James River in the Blue Ridge Mountains. Also called the “City of Seven Hills” and the “Hill City,” Lynchburg is at the center of a wider metropolitan area in Central Virginia.

The median home value in Lynchburg is $146,900, 4.2% higher than one year ago. Homes in the city of Lynchburg cost slightly less than homes in the Lynchburg Metro area.

Lynchburg is home to several colleges and universities and close to Roanoke, Charlottesville, and Danville. It's a cultural hub for Central Virginia and some of its many attractions include the Lynchburg Symphony Orchestra, the Academy of Fine Arts, the Renaissance Theatre, the Lynchburg Art Club, and Opera on the James.

Local residents looking for something to do also have a number of historic and educational options to choose from. Lynchburg is the site of Amazement Square, Appomattox Courthouse (the site of the Confederate Army's surrender to the Union Army), Nature Zone, and the Old City Cemetery Museums & Arboretum.

If the great outdoors is more your thing, Lynchburg has that, too! Take a 1.7 mile hike out to Crabtree Falls, the largest waterfall east of the Mississippi, and explore the Trails of Blackwater Creek, the Peaks of Otter, and Smith Mountain Lake.

Next Steps

If you're thinking about buying a home in Virginia, you should be working with a great buyer's agent. Clever Partner Agents are all experts in their locations, top-rated in their field, and can help you save money at every step of the home buying process. Contact us today for a free, no-obligation consultation to find an affordable home for you in Virginia.

Related Articles