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Isle of Wight County Housing Market

Virginia · 133 counties · Ranked #2766 in home value

Above National Avg

Housing at a Glance

Median Home Value

$333,600

vs national+$333,600 vs $281,900 national

Median Gross Rent

$1,313/mo

vs national+$1,313 vs $1,163 national

Effective Tax Rate

0.72%

vs national0.72% vs 1.02% national

Median Household Income

$96,118

vs national+$96,118 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,399

Tax as % of Home Value

0.72%

Monthly Owner Cost

$1,588

Renter Income

$54,035

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Frequently Asked Questions

What is the median home value in Isle of Wight County?

The median home value in Isle of Wight County is $333,600. This is above the national median of $281,900.

How much is rent in Isle of Wight County?

The median gross rent in Isle of Wight County is $1,313 per month.

What is the property tax rate in Isle of Wight County?

The effective property tax rate in Isle of Wight County is 0.72%. The median annual property tax bill is $2,399.

Is Isle of Wight County affordable?

With a home-value-to-income ratio of 3.5x, Isle of Wight County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.