Virginia not only holds the title of the “Birthplace of America,” but it also offers some of the most budget-friendly living options in the nation. If you are on the lookout for affordable living areas in the state, this guide to the nine most economical places to live in Virginia will be your go-to resource.
9 Cheapest Places to Live in Virginia
- Big Stone Gap
Martinsville is a city that offers affordable living in Virginia. The city is known for its abundance of outdoor activities, including several trout-filled rivers, glistening lakes, and gently sloping mountain ranges, which add to the natural beauty of the area. Additionally, Martinsville Speedway is located nearby, making it an ideal location for NASCAR racing enthusiasts. With an average home price of $93k, Martinsville is the perfect place for those seeking affordable homeownership in Virginia.
2. Big Stone Gap
Big Stone Gap, located in the southwestern corner of Virginia, is the second most affordable place to live in the state. Although historically known for its coal-mining industry, the city is now renowned for its breathtaking scenery and outdoor recreational activities. Residents can quickly access local mountain ranges, state parks, and walking trails, including the Jefferson National Forest, Southwest Virginia Museum Historical Park, and the Natural Tunnel State Park. The average home price in Big Stone Gap is approximately $113k, which makes it a highly affordable area in Virginia.
Bluefield, located on the West Virginia border, is a delightful city and an affordable place to live in Virginia. Its downtown area is bustling with local shops, restaurants, theaters, and city parks, which make it an attractive tourist destination. The city’s high altitude keeps the local climate cool and pleasant, with temperatures rarely exceeding 90 degrees. Visitors can enjoy the East River Mountain Overlook, the Bluefield Blues Festival, and the local Holiday of Lights as part of their trip. The average sale price of homes in Bluefield is around $116k, making it an ideal place for budget-conscious individuals.
Covington, Virginia is not only one of the most economical cities in the state but also one of the busiest. This area is recognized for its thriving paper industry that generates one of the largest productions of bleached paper on the East Coast. Besides, the city’s economy is also boosted by its flourishing healthcare and social assistance and retail trade sectors. Covington’s prime location provides residents with convenient access to various local attractions like Falling Springs and Humpback Bridge. The average home price in Covington is $127k, making it an excellent choice for those who prefer affordable living with immense possibilities.
If you’re looking for an affordable place to live in Virginia, Pulaski is definitely worth considering. Tucked away in the Blue Ridge Mountains, this rural city offers breathtaking mountain views at a fraction of the cost. The area is surrounded by picturesque rolling hills, sloping pastures, and stunning mountain sunrises. For those who love the outdoors, there are plenty of activities to enjoy including golfing, tubing, kayaking, and fishing. With an average home price of just $149k, Pulaski is an ideal location for those seeking a more secluded lifestyle in nature.
Galax, located near the North Carolina border, is an affordable area that offers breathtaking views of the Blue Ridge Mountains. This city is known as the “Gateway to the Blue Ridge Mountains” and is a popular autumn destination. However, the downtown area remains lively throughout the year, providing residents with ample opportunities for shopping and dining. Local attractions such as the Rex Theater, Galax Farmers Market, and Old Cranks Motorcar Museum offer visitors a glimpse into the city’s history. Despite its natural beauty and attractions, Galax remains budget-friendly, with the average home price at $157k.
Located on the Virginia-Tennessee border, Bristol is a charming small town that offers the best of both worlds. As the “Birthplace of Country Music,” it boasts a rich cultural heritage and a thriving music scene. The town is also home to a wide range of amenities, including restaurants, breweries, cafes, and local shops, making it an ideal place for those who want to enjoy the benefits of small-town living without sacrificing big-city conveniences. In addition, the surrounding area is blessed with natural beauty, from Steele Creek Park to the Blue Ridge Mountains. With an average home price of $166k, Bristol is an affordable and attractive option for anyone seeking a diverse and fulfilling lifestyle.
Located along Virginia’s southern border, Danville is an affordable city that boasts an abundance of antique architecture and rich historical significance. It’s an ideal place for families who enjoy exploring historical landmarks, museums, and riverside walking trails, and indulging in local restaurants and ice cream shops. With a median home price of approximately $168k, Danville is a great option for those seeking a peaceful setting without breaking the bank.
Hopewell, situated on Virginia’s east coast, provides an affordable living experience. Its location at the convergence of the James and Appomattox Rivers has contributed to its relevance throughout Virginia’s long history. The local real estate market boasts century-old homes, each with its distinct character and charm. Although most of these houses have undergone renovations, they still preserve their antique features, making them a perfect choice for those who want to own truly historic homes. With an average home price of $195k, Hopewell is not only charming but also budget-friendly.
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