Chincoteague, VA housing market
The typical Chincoteague home is worth about $371,000, about the same as a year ago, 11% below the Virginia typical home.
Home values, sales, trends and how Chincoteague compares with the towns next door — updated as new data is published.
Chincoteague at a glance
Typical home value, 2016–2026
Show as a table
| January | Chincoteague | Virginia |
|---|---|---|
| 2017 | $187,000 | $253,000 |
| 2018 | $200,000 | $263,000 |
| 2019 | $206,000 | $271,000 |
| 2020 | $213,000 | $284,000 |
| 2021 | $236,000 | $311,000 |
| 2022 | $273,000 | $345,000 |
| 2023 | $327,000 | $367,000 |
| 2024 | $347,000 | $386,000 |
| 2025 | $370,000 | $405,000 |
| 2026 | $366,000 | $411,000 |
| August 2026 | $371,000 | $415,000 |
20 new homes permitted in 2025
Builders were permitted 20 new homes in Chincoteague in 2025, all single-family houses, worth about $7.3 million to build. That's 6.1 per 1,000 residents, faster than across Virginia (4). Over the past 10 years, Chincoteague has permitted 185 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Chincoteague gained 403 residents while 162 new homes were permitted: about 2.5 new residents per new home. Building and growth moved roughly in step. Across Virginia: 2.2 new residents per new home.
How Chincoteague ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 13 | 13 | 0 | $4.7 million |
| 2025 | 20 | 20 | 0 | $7.3 million |
| 2024 | 23 | 23 | 0 | $8.3 million |
| 2023 | 18 | 18 | 0 | $7 million |
| 2022 | 19 | 19 | 0 | $6.1 million |
| 2021 | 12 | 12 | 0 | $6 million |
| 2020 | 21 | 21 | 0 | $5.2 million |
| 2019 | 12 | 12 | 0 | $2.8 million |
| 2018 | 28 | 24 | 4 | $5 million |
| 2017 | 16 | 11 | 5 | $2.4 million |
| 2016 | 16 | 16 | 0 | $3.2 million |
| 2015 | 19 | 19 | 0 | $2.8 million |
| 2014 | 20 | 20 | 0 | $4.1 million |
| 2013 | 10 | 10 | 0 | $2 million |
| 2012 | 18 | 18 | 0 | $3.5 million |
| 2011 | 12 | 12 | 0 | $1.9 million |
| 2010 | 11 | 11 | 0 | $2.1 million |
| 2009 | 4 | 4 | 0 | $447,000 |
| 2008 | 23 | 23 | 0 | $3.8 million |
| 2007 | 66 | 19 | 47 | $15.4 million |
| 2006 | 89 | 24 | 65 | $17.2 million |
| 2005 | 54 | 54 | 0 | $8.9 million |
| 2004 | 44 | 44 | 0 | $7.2 million |
| 2003 | 47 | 29 | 18 | $7.1 million |
| 2002 | 31 | 25 | 6 | $4.9 million |
| 2001 | 35 | 23 | 12 | $3.7 million |
| 2000 | 26 | 15 | 11 | $2.3 million |
Chincoteague's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Chincoteague ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.9 years of income
The typical Chincoteague home costs about 5.9 years of the town's median household income, more than across Virginia (4.5 years).
How Chincoteague ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,230
HUD's Fair Market Rent for a two-bedroom in Chincoteague is $1,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Chincoteague pay a median of $1,081, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $860 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23336; Accomack County, VA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Chincoteague
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.