List of Top 9 Cheapest Places to Live in Virginia (2023)

Virginia is known for being the “Birthplace of America” and offers some of the most budget-friendly living options in the country. If you’re looking for affordable places to live in Virginia, this list of the nine cheapest areas will guide you.

9 Affordable Places to Live in Virginia

Martinsville

Martinsville is the ideal place to live for those looking for affordable housing in Virginia. This city, situated around 50 miles from Roanoke, is known for its abundance of outdoor recreational activities. Martinsville boasts several trout-filled rivers, serene lakes, and a gently sloping mountain range, enhancing its natural beauty. It is also a haven for NASCAR enthusiasts, as the Martinsville Speedway is nearby. The average home price in this city is around $93k, making it the most economical place for homeownership in Virginia.

Big Stone Gap

Big Stone Gap, located in the southwestern corner of Virginia, is the second most affordable place to live. Although the city was once famous for its coal mining industry, it is now renowned for its breathtaking scenery and outdoor activities. The residents of Big Stone Gap have easy access to nearby mountain ranges, state parks, and walking trails. Some famous attractions in the area include the Southwest Virginia Museum Historical Park, the Natural Tunnel State Park, and the Jefferson National Forest. With an average home price of around $113k, Big Stone Gap is an affordable living option in Virginia.

Bluefield

Bluefield, a charming city on the West Virginia border, is also one of Virginia’s most affordable places to reside. This popular tourist destination’s downtown area boasts numerous local shops, restaurants,theatress, and city parks. The city’s relatively high altitude ensures a relaxed and comfortable climate, with temperatures rarely exceeding 90 degrees. Bluefield offers many local attractions, including the East River Mountain Overlook, the Bluefield Blues Festival, and the Holiday of Lights. The average sale price of homes in this area is approximately $116k, contributing to its affordability.

Covington

Covington, Virginia, is not only known for its affordability but also for its thriving industries. The city boasts a bustling paper industry, producing a significant amount of bleached paper on the East Coast. The Health Care & Social Assistance and Retail Trade sectors are also booming in the area. Covington is also conveniently located near various local attractions, including Falling Springs and Humpback Bridge. With an average home price of $127k, this city is an excellent choice for those looking for an affordable living option with great potential.

Pulaski

Pulaski, located in the Blue Ridge Mountains of Virginia, is a charming rural cityoffering a low living costg. The town is surrounded by breathtaking mountain views, rolling hills, and sloping pastures, making it a picturesque location for nature lovers. The area is perfect for outdoor enthusiasts as it offers a variety of activities such as golfing, tubing, kayaking, and fishing. With an average home price of around $149k, Pulaski is an affordable option for those seeking a more secluded and serene lifestyle.

Galax

Galax, situated near the North Carolina border, is a budget-friendly area known as the “Gateway to the Blue Ridge Mountains”. This city is renowned for its breathtaking views of the hills. Galax is especially magnificent in autumn, but its lively downtown area remains bustling throughout the year. The city centre offers a plethora of shopping and dining options for residents. In addition to that, the Rex Theater, Galax Farmers Market, and Old Cranks Motorcar Museum are among the local attractions. With an average home price of $157k, Galax is both attractive and affordable.

Bristol

Bristol, located on the Virginia-Tennessee border, is a city that offers an affordable lifestyle with a touch of history. Known as the “Birthplace of Country Music,” this charming town boasts a tight-knit community and a laid-back atmosphere. While enjoying the small-town feel, residents can easily access big-city amenities like top-notch restaurants, cosy cafes, and delightful local shops. Furthermore, the surrounding area has natural attractions such as Steele Creek Park and the magnificent Blue Ridge Mountains. Additionally, with an average home price of $166k, Bristol is a perfect location for those who desire a balanced lifestyle.

Danville

Danville is located along Virginia’s southern border and offers a perfect blend of affordability and rich historical significance. The city boasts an abundance of antique architecture and historical landmarks that will captivate anyone who loves history. Danville also offers a range of family-friendly features, including local restaurants, ice cream shops, museums, and riverside walking trails. With home prices averaging around $168k, this city is an excellent option for those looking for a peaceful and affordable area to call home.

Hopewell

Hopewell, situated on Virginia’s east coast, is a budget-friendly place to reside. The city’s location at the James and Appomattox Rivers meeting point has been significant throughout Virginia’s history. This area’s real estate market comprises antique houses, some over a century old, each with unique character and charm. Though most of these homes have been refurbished, they retain their original features, making them ideal for those wanting to own a truly historic home. With an average home price of $195k, Hopewell is a charming and affordable place to live.

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