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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 Type0.50%
One Bedroom7.10%
Two Bedrooms46.20%
Three Bedrooms37.90%
Four Bedrooms6.80%
Five Bedrooms or more1.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size1.78
Median year structure was built1973
Median Value of occupied units$105,600
Median Price asked for vacant units$104,700

Rented Homes, Apartments and Condos

Average Household Size3.21
Median year structure was built1978
Median Monthly Rent asked for vacant units$450

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.40%
Home Equity Loan4.50%
Simple Mortgage34.90%
Debt Free58.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%