Wallops Island renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Wallops Island is about $915 per month. This puts it in the 57th percentile compared to the state average cost of rent, which is $1,444. Households in Wallops Island have a median income of $4,701 per month so the average renter in Wallops Island is spending roughly 19% of their earnings on housing.
Nationally, and in Wallops Island, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wallops Island is $178,142 right now, which is higher than nearby cities, meaning that rents in Wallops Island also tend to be higher versus these nearby cities.
Higher rent prices are common in the central parts of Wallops Island while lower rent rates are often available in southern areas.
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