Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chincoteague area can be challenging. Home prices in Chincoteague are now at a median cost of $292,699, lower than the Virginia average of $323,261.
The average cost of rent is $1,278/mo in Chincoteague, primarily driven by the current value of real estate in the Chincoteague area. While nearly 62.65% of residents own their homes outright in Chincoteague, 32.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chincoteague is $3,574 per month. Households that rent pay about 35.76% of their income on rent here. Chincoteague's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Chincoteague Island, VA: higher priced homes
- Deep Hole, VA: higher 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
- New Church, VA: less expensive homes
- George Island Landing, MD: less expensive homes
Cities with Similar Populations
- Parrish, AL: less expensive homes
- Farmingdale, ME: less expensive homes
- Fort Loramie, OH: less expensive homes
- Frankfort, MI: less expensive homes
- Ganado, TX: less expensive homes
- Garfield, GA: less expensive homes
- Gramercy, LA: less expensive homes
- Graterford, PA: higher priced homes
- Holmesville, OH: less expensive homes
- Huger, SC: less expensive homes
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