Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chincoteague Island area can be challenging. Home prices in Chincoteague Island are now at a median cost of $331,000, higher than the Virginia average of $323,261.
The average cost of rent is $1,175/mo in Chincoteague Island, primarily driven by the current value of real estate in the Chincoteague Island area. While nearly 58.90% of residents own their homes outright in Chincoteague Island, 24.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chincoteague Island is $5,593 per month. Households that rent pay about 21.01% of their income on rent here. Chincoteague Island's most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Chincoteague, VA: less expensive homes
- Deep Hole, VA: equally priced homes
- Horntown, VA: less expensive homes
- Greenbackville, VA: less expensive homes
- Wallops Island, VA: less expensive homes
- Atlantic, VA: less expensive homes
- Wattsville, VA: less expensive homes
- Stockton, MD: less expensive homes
- George Island Landing, MD: less expensive homes
- New Church, VA: less expensive homes
Cities with Similar Populations
- Harrisburg, GA: less expensive homes
- Halley, AR: less expensive homes
- Steamburg, PA: less expensive homes
- Harbor View, OH: less expensive homes
- Harborton, VA: less expensive homes
- Hardwick, NJ: higher priced homes
- Harper Tavern, PA: less expensive homes
- Harrell, AL: less expensive homes
- St. Joseph, WV: less expensive homes
- Hall, MT: equally priced homes
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