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Affordable
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These days, finding an affordable place to live in the Gloucester Point area can be challenging. Home prices in Gloucester Point are now at a median cost of $314,061, lower than the Virginia average of $443,089.
The average cost of rent is $1,116/mo in Gloucester Point, primarily driven by the current value of real estate in the Gloucester Point area. In Gloucester Point, 34.16% of households rent, and 30.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gloucester Point is $6,515 per month. Households that rent pay about 17.13% of their income on rent here. Gloucester Point’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hayes, VA: equally priced homes
- Wicomico, VA: less expensive homes
- Selden, VA: higher priced homes
- Lackey, VA: equally priced homes
- Naxera, VA: higher priced homes
- Queens Lake, VA: equally priced homes
- Seaford, VA: higher priced homes
- Clay Bank, VA: equally priced homes
- Fort Eustis, VA: less expensive homes
- Yorktown, VA: higher priced homes
Cities with Similar Populations
- Galena Park, TX: less expensive homes
- Redding, CT: higher priced homes
- Raymond, NH: higher priced homes
- Rapid Valley, SD: less expensive homes
- Port Salerno, FL: higher priced homes
- Wilmington, IL: less expensive homes
- Jasper, TX: less expensive homes
- Jamestown, TN: less expensive homes
- Jacksboro, TN: less expensive homes
- Winsted, CT: less expensive homes
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