Market Overview
Home Prices in Chincoteague, VA
The median home value in Chincoteague, VA is $380,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chincoteague are priced7% below average.
Over the past five years, Chincoteague home values have risen by approximately43.1%, reflecting strong long-term appreciation in this market.
Price History
Chincoteague Home Price Trend
2020
$226,987
$227K
—
2021
$266,058
$266K
+17.2%
2022
$296,680
$297K
+11.5%
2023
$358,827
$359K
+20.9%
2024
$371,998
$372K
+3.7%
2025
$378,355
$378K
+1.7%
2026
$380,638
$381K
+0.6%
City Comparison
Chincoteague vs. National Median
🏠 Chincoteague
$380,638
National Median
$410,000
At $380,638, homes in Chincoteague cost 7% below the national median of $410,000. This makes Chincoteague a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chincoteague?
20% Down Payment
$76,128
on $380,638
Monthly P&I
$1,985/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,521/mo
incl. taxes & insurance
Income Needed
$100,840
gross annual (30% rule)
10% Down Option
$38,064
+ PMI applies
Loan Amount (20% dn)
$304,510
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chincoteague, VA?
The median home value in Chincoteague is $380,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Chincoteague?
Over the past year, home values in Chincoteague have increased by 0.6%. Over five years, prices have risen approximately 43.1%.
How much do I need to earn to buy a home in Chincoteague?
To comfortably afford the median home price of $380,638 with a 20% down payment ($76,128) at today's rates (6.8%), you'd need a gross annual income of approximately $100,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Chincoteague compare to the national average home price?
The national median home value is approximately $410,000. At $380,638, homes in Chincoteague are 7% below the national average.