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Chincoteague town, VA

ZIP 23336 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23336

Median Home Value
$326,400
Median Rent
$885
Affordability Snapshot
$90,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,097/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

30.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23336 in Chincoteague town, VA, a household would need roughly $90,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,097. That is about 42% above the local median household income ($63,264), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 61% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.9%+14% vs US avg
x
Vacancy Rate
61.1%+493% vs US avg
x
Broadband Access
88.4%+2% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
4.8%-90% vs US avg
x
Mortgage-Free
58.4%+53% vs US avg
x
$326,400
Home Value
$885
Rent
1983
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.5%
  • 1-unit attached9.1%
  • 2-9 units2.6%
  • 10+ units4.0%
  • Mobile home & other22.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$326,400
Median rent$885
Owner-occupied74.9%
Vacant61.1%
Price-to-income5.2x
Est. income to buy$90,000