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Gloucester Courthouse

Learn about the people, housing, costs and businesses in Gloucester Courthouse, Virginia

Median Home$388,448
Median Rent$989/month
Population2,971
Leading IndustriesWholesale Trade · Professional Services · Education16% wholesale trade
Home Value Growth⬆⬆⬆+24.5% over 2 years
Retirees28% of residentswell above average
Homeowners84% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAmenity Score71/100 · highly walkable area
Gloucester Courthouse
VA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Gloucester Courthouse?

As of today, the 30-year fixed mortgage rate for Gloucester Courthouse is approximately 6.897% (6.933% 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 Gloucester Courthouse?

The median home value in Gloucester Courthouse is $388k. The median monthly rent is $989. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gloucester Courthouse?

Home values in Gloucester Courthouse have increased 24.5% 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 Gloucester Courthouse?

Based on a typical all-in ownership cost of $1,381/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gloucester Courthouse is $86k/year.

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What industries drive the economy in Gloucester Courthouse?

The largest employment sectors in Gloucester Courthouse are public administration (21%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.