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Chincoteague, VA
Full City Profile · Virginia · Accomack County County
3.1
/5.0
B
Good
3,300
Population
356/sq mi density
$62,292
Median Income
$42,338 per capita
$329,200
Home Value
$357,790 Zillow
$1,102
Median Rent
19.9% income on rent
58°F
Avg Temperature
305 sunny days/yr
139
Violent Crime/100K
1,741 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$62,292 median income, 3.8% unemployment
B+
Affordability
3.7 / 5.0
$329,200 home value, $1,102/mo rent
F
Safety
1.0 / 5.0
139 violent crimes/100K
B+
Education
4.0 / 5.0
37.2% bachelor's degree or higher
Housing Overview
Median Home Value
$329,200
17% above
US avg: $281,900
Median Rent
$1,102/mo
5% below
US avg: $1,163/mo
Homeownership Rate
74.5%
14% above US avg (65.4%)
Total Housing Units
4,415
Median year built: 1979
Home Value by Source
Census Median
$329,200
Zillow (ZHVI)
$357,790
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.5%
Owner-Occupied
25.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$1,102/mo
Affordability & Housing Stock
Rent Burden
19.9%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
74.5%
Complete Housing Data
Home Values
| Census Median Value | $329,200 |
| Zillow Home Value (ZHVI) | $357,790 |
Rent
| Census Median Rent | $1,102 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
Ownership & Stock
| Owner-Occupied | 74.5% |
| Renter-Occupied | 25.5% |
| Homeownership Rate | 74.5% |
| Total Housing Units | 4,415 |
| Median Year Built | 1979 |
| Rent Burden | 19.9% |