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Pungoteague

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

Median Home$180,468
Median Rent$1,144/month
Population374
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing16% construction
Home Value Growth⬆⬆⬆+27.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners72% of occupied units
NotableTransit86/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Pungoteague
VA

Frequently Asked Questions

What are today's mortgage rates in Pungoteague?

As of today, the 30-year fixed mortgage rate for Pungoteague 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 Pungoteague?

The median home value in Pungoteague is $180k. The median monthly rent is $1,144. Annual property taxes average $944. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pungoteague?

Home values in Pungoteague have increased 27.3% 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 Pungoteague?

Based on a typical all-in ownership cost of $905/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pungoteague is $56k/year.

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What industries drive the economy in Pungoteague?

The largest employment sectors in Pungoteague are agriculture and mining (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.