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Chincoteague, Virginia Mortgage and Housing Information

Population: 4,317
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Cost of Single-Family Houses

Median price asked
in year 2000
$104,700

Value of Houses and Condos

A comparison of the average prices of homes in Chincoteague, Virginia and the U.S.
U.S.VirginiaChincoteague
Median home value
in year 2000
$111,800$118,800$95,900

Monthly Owner Costs

Median owner costs for owner-occupied houses and condos in year 2000
U.S.VirginiaChincoteague
With a mortgage$1,088$1,144$942
Without a mortgage$295$263$275

Ownership of Single-family Houses

Types of mortgages for owner-occupied Single-family Houses in Chincoteague (2000)
Mortgage TypeNumber of Single-family HousesPercent of total
Without a mortgage75558.2%
First Mortgage Only45334.9%
Second Mortgage and/or Home Equity Loan896.9%
Total1,297100%

Tenancy in Chincoteague

How many people in Chincoteague live in their own home? How many rent their home? Data for houses and condos, from 2000.
Owner-occupied homes1,639
Renter-occupied homes429
Homes for sale45
Homes for rent36
Total3,970

Age of Chincoteague Residents

Median age for males and females (2000).
Males 45
Females 47

Income

Median earnings for the 12 months preceding 2000, residents over 16 years with earnings
U.S.VirginiaChincoteague
Median Earnings$23,755$25,357$16,677
Median Earnings, Males$29,458$30,685$22,083
Median Earnings, Females$18,957$20,217$13,214

Males earn $8,869 (67.1%) more than Females in Chincoteague.

Commuting in Chincoteague

Means of transportation to work, workers over 16 years old.
Means of TransportNumber of People
Car, solo1,593
Carpooled231
Public Transit0
Bicycle10
Walking136
Other Means26
Total, Commuted1,996
Worked from home76
Total2,072

Time Spent Commuting in Chincoteague

Time spent commuting in Chincoteague
Time spent in minutesNumber of People
Less than 5345
5-9549
10-14378
15-19158
20-24107
25-2947
30-34161
35-3919
40-4443
45-5955
60-8987
Over 9047

Education

Level of higher education for people over 25 years in Chincoteague (2000).
LevelNumber of MalesPercent of MalesNumber of FemalesPercent of Females
Some College24716.1%31920.8%
Associate Degree644.2%603.9%
Bachelor's Degree1419.2%17211.2%
Master's Degree603.9%422.7%
Professional Degree201.3%140.9%
Doctorate Degree221.4%140.9%
Total (at least some college)55436.1%62137.1%
Total over 251,534100%1,675100%

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