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Chester Gap

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

Median Home$383,137
Median Rent$1,149/month
Population939
Leading IndustriesPublic Administration · Information & Media34% public administration
Home Value Growth⬆⬆+15.2% over 2 years
Young Adults41% of residentstop 2% nationally
Homeowners65% of occupied units
Chester Gap
VA

Frequently Asked Questions

What are today's mortgage rates in Chester Gap?

As of today, the 30-year fixed mortgage rate for Chester Gap is approximately 6.958% (6.998% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chester Gap?

The median home value in Chester Gap is $383k. The median monthly rent is $1,149. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chester Gap?

Home values in Chester Gap have increased 15.2% 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 Chester Gap?

Based on a typical all-in ownership cost of $1,187/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chester Gap is $71k/year.

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What industries drive the economy in Chester Gap?

The largest employment sectors in Chester Gap are public administration (34%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.