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Gate City, VA Real Estate


According to census data in the year 2000 there were 1,103 housing units in Gate City. This represents a 8% growth from 1,021 in 1990.

Of those housing units, 1,064 were located in either urbanized areas or urban clusters, and 39 were located in what is classified as a rural area.

Homeownership rate in Gate City is about 69.8%. Gate City's vacancy rate, including seasonal lodging, is about 12.1%. Average household size is 2.2 people.

The majority of houses, apartments or condos in Gate City were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom13.40%
Two Bedrooms31.80%
Three Bedrooms37.70%
Four Bedrooms13.30%
Five Bedrooms or more2.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1963
Median Value of occupied units$78,600
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1963
Median Monthly Rent asked for vacant units$218

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan3.90%
Simple Mortgage28.40%
Debt Free63.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs11.7%