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Iron Gate

Learn about the people, housing, costs and businesses in Iron Gate, Virginia

Median Home$99,900
Median Rent$1,087/month
Population330
Leading IndustriesRetail · Manufacturing · Wholesale Trade23% retail
Home Value Growth⬆⬆⬆+34.3% over 2 years
Retirees28% of residentswell above average
Homeowners87% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Iron Gate
VA

Frequently Asked Questions

What are today's mortgage rates in Iron Gate?

As of today, the 30-year fixed mortgage rate for Iron Gate is approximately 6.900% (6.936% 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 Iron Gate?

The median home value in Iron Gate is $100k. The median monthly rent is $1,087. Annual property taxes average $839. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iron Gate?

Home values in Iron Gate have increased 34.3% 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 Iron Gate?

Based on a typical all-in ownership cost of $601/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iron Gate is $53k/year.

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What industries drive the economy in Iron Gate?

The largest employment sectors in Iron Gate are retail (23%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.