Gate City, VA Real Estate
According to census data in the year 2000 there were 1,103 housing units in Gate City.
This represents a 8% growth from 1,021 in 1990.
Of those housing units, 1,064 were located in either urbanized areas or urban clusters, and 39 were located in what is classified as a rural area.
Homeownership rate in Gate City is about 69.8%.
Gate City's vacancy rate, including seasonal lodging, is about 12.1%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Gate City were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 13.40% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 37.70% |
| Four Bedrooms | 13.30% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $78,600 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $218 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 3.90% |
| Simple Mortgage | 28.40% |
| Debt Free | 63.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.7% |
