Gloucester Point, VA—23062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gloucester Point, VA
As of Oct '25, the median home price in Gloucester Point, VA is $344,000, with a year-over-year change of 2.6%. This indicates that home prices in Gloucester Point, VA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 2.6% |
| Single Family | $351,000 | 2.6% |
| Condos | $284,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -1.6% |
3 Bed | $342,000 | 2.4% |
4 Bed | $433,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gloucester Point, VA
Gloucester Point, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $3,450 | $3,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gloucester Point, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gloucester Point, VA is 42. This is a increase of 136.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | 3.0% |
Listing Count | 8 | 85.0% |
| Listings as % of Homes | 0.1% | 85.0% |
Days on Market | 42 | 136.0% |
Demographics — Gloucester Point, VA
As of the latest ACS Survey released in 2023, Gloucester Point, VA has a population of 1,860, which has decreased by -23.3% over the past 5 years. Gloucester Point, VA is a less popular place for families, as children make up 11.5% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,860 | -23.3% |
% Under 18 | 11.5% | -28.1% |
% Seniors | 22.9% | 25.1% |
% WFH | 3.1% | 14.8% |
% w/ College Degree | 27.5% | -9.8% |
As of the latest ACS Survey released in 2023, Gloucester Point, VA is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Gloucester Point, VA is black, making up 9.6% of the population. Foreign-born residents account for 4.2% of the population in Gloucester Point, VA, and this percentage has increased by 600.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.1% | -6.1% |
% Black | 9.6% | 47.7% |
% Hispanic | 3.5% | -27.1% |
% Asian | 3.2% | ∞% |
% Foreign Born | 4.2% | 600.0% |
Mortgage and Risk — Gloucester Point, VA
Gloucester Point, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Gloucester Point, VA
Gloucester Point, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,160 |
| 2 Bedroom | $0 | $1,350 | $1,350 |
| 3 Bedroom | -$1,570 | $3,450 | $1,880 |
| 4 Bedroom | N/A | N/A | $2,280 |
Affordability — Gloucester Point, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $344,000 |
| Median Household Income | $49,600 |