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Affordable
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These days, finding an affordable place to live in the Cape Charles area can be challenging. Home prices in Cape Charles are now at a median cost of $325,133, lower than the Virginia average of $443,089.
The average cost of rent is $954/mo in Cape Charles, primarily driven by the current value of real estate in the Cape Charles area. In Cape Charles, 35.00% of households rent, and 57.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cape Charles is $5,937 per month. Households that rent pay about 16.07% of their income on rent here. Cape Charles’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cheriton, VA: less expensive homes
- Cherrystone, VA: higher priced homes
- Dalbys, VA: less expensive homes
- Simpkins, VA: less expensive homes
- Eastville Station, VA: less expensive homes
- Kendall Grove, VA: higher priced homes
- Eastville, VA: higher priced homes
- Cedar Grove, VA: less expensive homes
- Martins Siding, VA: equally priced homes
- New Point, VA: higher priced homes
Cities with Similar Populations
- Centerville, MN: higher priced homes
- Burlington, CO: less expensive homes
- North Shore, LA: higher priced homes
- Jackson, MN: less expensive homes
- Lakehurst, NJ: less expensive homes
- Valdez, AK: equally priced homes
- Sublimity, OR: higher priced homes
- Shannondale, WV: equally priced homes
- San Francisco, PR: less expensive homes
- Peach Bottom, PA: less expensive homes
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