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Tangier

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

Median Home$267,100
Median Rent$1,023/month
Population432
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare6% education
Home Value Growth⬆⬆⬆+38.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners71% of occupied units
NotableTransit84/100 · excellent transit access
NotableHighly Educated23% bachelor's · 14% graduate · top 23% nationally
Tangier
VA

Frequently Asked Questions

What are today's mortgage rates in Tangier?

As of today, the 30-year fixed mortgage rate for Tangier is approximately 6.845% (6.879% 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 Tangier?

The median home value in Tangier 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 Tangier?

Home values in Tangier 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 Tangier?

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 Tangier is $62k/year.

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What industries drive the economy in Tangier?

The largest employment sectors in Tangier are public administration (28%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.