A typical Iron Gate home is worth roughly $85,000
What kind of housing town is Iron Gate?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Iron Gate
Try your own numbers below.
That covers a typical Iron Gate home, with $286K to spare.
A two-bedroom rents for about $1,000 a month here, $510 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Virginia typical property tax (0.73% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
92% of Iron Gate households own their home
Half of Iron Gate’s homes were built before 1961.
Virginia: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,000
Renters already here pay a median of $715, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Iron Gate buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. 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. The calculator is an estimate, not a loan offer.