Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wallops Island area can be challenging. Home prices in Wallops Island are now at a median cost of $178,142, lower than the Virginia average of $323,261.
The average cost of rent is $915/mo in Wallops Island, primarily driven by the current value of real estate in the Wallops Island area. While nearly 51.95% of residents own their homes outright in Wallops Island, 30.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wallops Island is $4,701 per month. Households that rent pay about 19.47% of their income on rent here. Wallops Island's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Atlantic, VA: equally priced homes
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- Withams, VA: equally priced homes
Cities with Similar Populations
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- Maysville, AR: higher priced homes
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- Marland, OK: less expensive homes
- Marion, UT: higher priced homes
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