Chincoteague, VA is an area with a strong housing market. The median value of homes in Chincoteague is $322,800 which is slightly lower than the US median of $338,100. However, over the past year the appreciation rate in Chincoteague has been much higher than the national average. At 12.33%, it is far above the US rate of 8.27%. It's clear that home values in this area are growing quickly and provide potential buyers with a great opportunity to invest.
The median home cost in Chincoteague is $322,800. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chincoteague is up 13.0%.
Average Age of Homes
- The median age of Chincoteague real estate is 37 years old
The Rental Market in Chincoteague
- Renters make up 6.1% of the Chincoteague population
- 0.5% of houses and apartments in Chincoteague, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.