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Rocky Gap

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

Median Home$135,200
Median Rent$637/month
Population96
Leading IndustriesWholesale Trade · Professional Services · Information & Media14% wholesale trade
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly28% of residentswell above average
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$135k median home · lower cost than 79% of the country
Rocky Gap
VA

Frequently Asked Questions

What are today's mortgage rates in Rocky Gap?

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

The median home value in Rocky Gap is $135k. The median monthly rent is $637. Annual property taxes average $790. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rocky Gap?

Home values in Rocky Gap have increased 15.7% 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 Rocky Gap?

Based on a typical all-in ownership cost of $476/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rocky Gap is $61k/year.

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What industries drive the economy in Rocky Gap?

The largest employment sectors in Rocky Gap are public administration (16%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.