Chincoteague Island, VA Real Estate
According to census data in the year 2000 there were 3,970 housing units in Chincoteague Island.
This represents a 25.4% growth from 3,167 in 1990.
Of those housing units, 3,292 were located in either urbanized areas or urban clusters, and 678 were located in what is classified as a rural area.
Homeownership rate in Chincoteague Island is about 79.3%.
Chincoteague Island's vacancy rate, including seasonal lodging, is about 47.9%.
Average household size is 2.08 people.
The majority of houses, apartments or condos in Chincoteague Island were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 7.10% |
| Two Bedrooms | 46.20% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 6.80% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $105,600 |
| Median Price asked for vacant units | $104,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $450 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.40% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 34.90% |
| Debt Free | 58.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
