Market Overview
Home Prices in Gloucester Point, VA
The median home value in Gloucester Point, VA is $355,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gloucester Point are priced13% below average. Gloucester Point is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Gloucester Point home values have risen by approximately28.6%, reflecting strong long-term appreciation in this market.
Price History
Gloucester Point Home Price Trend
City Comparison
Gloucester Point vs. National Median
At $355,714, homes in Gloucester Point cost 13% below the national median of $410,000. This makes Gloucester Point a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gloucester Point?
20% Down Payment
$71,143
on $355,714
Monthly P&I
$1,855/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,356/mo
incl. taxes & insurance
Income Needed
$94,240
gross annual (30% rule)
10% Down Option
$35,571
+ PMI applies
Loan Amount (20% dn)
$284,571
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 Gloucester Point, VA?
The median home value in Gloucester Point is $355,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Gloucester Point?
Over the past year, home values in Gloucester Point have increased by 3.5%. Over five years, prices have risen approximately 28.6%.
How much do I need to earn to buy a home in Gloucester Point?
To comfortably afford the median home price of $355,714 with a 20% down payment ($71,143) at today's rates (6.8%), you'd need a gross annual income of approximately $94,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Gloucester Point compare to the national average home price?
The national median home value is approximately $410,000. At $355,714, homes in Gloucester Point are 13% below the national average.
What metro area is Gloucester Point part of?
Gloucester Point is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.