Gate, VA housing market
The typical Gate home is worth about $176,000, up 4.5% in a year, 58% below the Virginia typical home.
Home values, sales, trends and how Gate compares with the towns next door — updated as new data is published.
Gate at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Gate | Virginia |
|---|---|---|
| 2017 | $89,000 | $253,000 |
| 2018 | $90,000 | $263,000 |
| 2019 | $94,000 | $271,000 |
| 2020 | $99,000 | $284,000 |
| 2021 | $113,000 | $311,000 |
| 2022 | $127,000 | $345,000 |
| 2023 | $142,000 | $367,000 |
| 2024 | $158,000 | $386,000 |
| 2025 | $166,000 | $405,000 |
| 2026 | $175,000 | $411,000 |
| August 2026 | $176,000 | $415,000 |
Gate and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Gate | $176K | +4.5% | $940 | $42,857 |
| Weber City | $178K | +9.9% | $1,010 | $47,778 |
4.1 years of income
The typical Gate home costs about 4.1 years of the town's median household income, less than across Virginia (4.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Gate is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gate pay a median of $660, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $670 · 4 bedrooms $1,390
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24251; Kingsport-Bristol, TN-VA MSA), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.