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Onancock

Learn about the people, housing, costs and businesses in Onancock, Virginia

Median Home$267,100
Median Rent$1,023/month
Population1,157
Leading IndustriesPublic Administration · Education31% public administration
Home Value Growth⬆⬆⬆+38.8% over 2 years
Young Adults69% of residentstop 1% nationally
Homeowners71% of occupied units
NotableTransit84/100 · excellent transit access
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Onancock
VA

Frequently Asked Questions

What are today's mortgage rates in Onancock?

As of today, the 30-year fixed mortgage rate for Onancock is approximately 6.854% (6.889% 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 Onancock?

The median home value in Onancock is $267k. The median monthly rent is $1,023. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Onancock?

Home values in Onancock have increased 38.8% 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 Onancock?

Based on a typical all-in ownership cost of $744/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Onancock is $62k/year.

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What industries drive the economy in Onancock?

The largest employment sectors in Onancock are public administration (31%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.