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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 $225,011, lower than the Virginia average of $443,089.
The average cost of rent is $1,026/mo in Wallops Island, primarily driven by the current value of real estate in the Wallops Island area. In Wallops Island, 30.39% of households rent, and 69.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallops Island is $7,631 per month. Households that rent pay about 13.44% of their income on rent here. Wallops Island’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Atlantic, VA: equally priced homes
- Wattsville, VA: equally priced homes
- New Church, VA: less expensive homes
- Assawoman, VA: less expensive homes
- Oak Hall, VA: less expensive homes
- Horntown, VA: equally priced homes
- Temperanceville, VA: less expensive homes
- Hallwood, VA: less expensive homes
- Mappsville, VA: less expensive homes
- Withams, VA: less expensive homes
Cities with Similar Populations
- Mallie, KY: less expensive homes
- Melzo, MO: less expensive homes
- Melvin, IA: less expensive homes
- McVille, MS: less expensive homes
- Maysville, AR: higher priced homes
- Massey, AL: higher priced homes
- Marysville, ID: higher priced homes
- Marshview, PA: less expensive homes
- Marland, OK: less expensive homes
- Marion, UT: higher priced homes
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