Virginia · Census place 16512
Chincoteague town, VA
Quick answer
Chincoteague town has 3,300 residents, ranking #233 of 688 places in Virginia. Median household income is $62,292, the median home is worth $329,200 and median gross rent runs $1,102 a month.
- Population
- 3,300Chincoteague town residents
- Median household income
- $62,292Past 12 months, inflation adjusted
- Median home value
- $329,200Owner-occupied units
- Median gross rent
- $1,102Rent plus utilities, monthly
- Median age
- 56.8 yrsAll residents
- Homeownership rate
- 74.5%Owner-occupied households
What the numbers mean in Chincoteague town
Housing cost measured against local earnings.
A household earning the Chincoteague town median would spend about 21.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.6% of residents and 74.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Virginia.
- Dahlgren CDP 3,417
- Altavista town 3,356
- Blackstone town 3,341
- Lake Wilderness CDP 3,255
- Marshall CDP 3,213
- Daleville CDP 3,166
- Lebanon town 3,133
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