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These days, finding an affordable place to live in the Gloucester area can be challenging. Home prices in Gloucester are now at a median cost of $334,780, lower than the Virginia average of $443,089.
The average cost of rent is $1,237/mo in Gloucester, primarily driven by the current value of real estate in the Gloucester area. In Gloucester, 13.00% of households rent, and 30.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gloucester is $7,344 per month. Households that rent pay about 16.85% of their income on rent here. Gloucester’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gloucester Courthouse, VA: higher priced homes
- Woods Cross Roads, VA: higher priced homes
- Nuttall, VA: equally priced homes
- Clay Bank, VA: less expensive homes
- Signpine, VA: less expensive homes
- Pinero, VA: higher priced homes
- Harcum, VA: higher priced homes
- Pampa, VA: higher priced homes
- North, VA: equally priced homes
- Selden, VA: higher priced homes
Cities with Similar Populations
- Swampscott, MA: higher priced homes
- Dunmore, PA: less expensive homes
- Durham, NH: higher priced homes
- Edgewood, WA: higher priced homes
- Englewood, OH: less expensive homes
- Eufaula, AL: less expensive homes
- Fair Oaks, GA: less expensive homes
- Finneytown, OH: less expensive homes
- Fleetwood, PA: less expensive homes
- Florida, PR: less expensive homes
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