Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gate City area can be challenging. Home prices in Gate City are now at a median cost of $116,763, lower than the Virginia average of $323,261.
The average cost of rent is $539/mo in Gate City, primarily driven by the current value of real estate in the Gate City area. While nearly 61.40% of residents own their homes outright in Gate City, 22.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gate City is $3,545 per month. Households that rent pay about 15.19% of their income on rent here. Gate City's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Weber City, VA: less expensive homes
- Williams Mill, VA: equally priced homes
- Manville, VA: less expensive homes
- Mount Carmel, TN: higher priced homes
- Bloomingdale, TN: equally priced homes
- Snowflake, VA: higher priced homes
- Fort Blackmore, VA: less expensive homes
- Rye Cove, VA: less expensive homes
- Blair Gap, TN: higher priced homes
- Kingsport, TN: higher priced homes
Cities with Similar Populations
- Glastonbury Center, CT: higher priced homes
- Garden City, SC: higher priced homes
- Garnet, CA: higher priced homes
- Garrett, IN: higher priced homes
- Gas City, IN: equally priced homes
- Tylertown, MS: equally priced homes
- Twin Lakes, WI: higher priced homes
- Georgetown, MA: higher priced homes
- Tuba City, AZ: less expensive homes
- Glasgow, DE: higher priced homes
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