Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Southern Gateway

Learn about the people, housing, costs and businesses in Southern Gateway, Virginia

Median Home$438,472
Median Rent$2,025/month
Population3,142
Leading IndustriesHealthcare · Manufacturing · Wholesale Trade13% healthcare
Home Value Growth⬆⬆⬆+25.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners66% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableHigh Incomes$96k/year · top 20% nationally
Southern Gateway
VA

Explore Southern Gateway

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

Frequently Asked Questions

What are today's mortgage rates in Southern Gateway?

As of today, the 30-year fixed mortgage rate for Southern Gateway is approximately 6.871% (6.906% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Southern Gateway
What is the median home price in Southern Gateway?

The median home value in Southern Gateway is $438k. The median monthly rent is $2,025. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southern Gateway?

Home values in Southern Gateway have increased 25.6% 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 Southern Gateway?

Based on a typical all-in ownership cost of $2,073/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southern Gateway is $96k/year.

Calculate your buying power
What industries drive the economy in Southern Gateway?

The largest employment sectors in Southern Gateway are public administration (19%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.