Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Allison Gap

Learn about the people, housing, costs and businesses in Allison Gap, Virginia

Median Home$108,200
Median Rent$677/month
Population651
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation22% healthcare
Home Value Growth⬆⬆+11.6% over 2 years
Young Adults48% of residentstop 1% nationally
Homeowners77% of occupied units
NotableHighly Educated34% bachelor's · 19% graduate · top 4% nationally
NotableAffordable Market$108k median home · lower cost than 89% of the country
Allison Gap
VA

Frequently Asked Questions

What are today's mortgage rates in Allison Gap?

As of today, the 30-year fixed mortgage rate for Allison Gap is approximately 6.847% (6.881% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Allison Gap
What is the median home price in Allison Gap?

The median home value in Allison Gap is $108k. The median monthly rent is $677. Annual property taxes average $590. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Allison Gap?

Home values in Allison Gap have increased 11.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Allison Gap?

Based on a typical all-in ownership cost of $578/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allison Gap is $49k/year.

Calculate your buying power
What industries drive the economy in Allison Gap?

The largest employment sectors in Allison Gap are healthcare (22%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.