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City · 8,436 residents · Isle of Wight County, Virginia

Carrollton , Virginia

In Carrollton, a typical home is worth $423,900 and typical rent is $1,789 a month. Compared with all of Isle of Wight County, typical rent is 32% higher, the typical home value is 19% higher, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $423,900

    19% above the county

    10% above Virginia

    • Carrollton
    • Isle of Wight
    • Virginia

  • Typical rent

    $1,789a month

    32% above the county

    13% above Virginia

    • Carrollton
    • Isle of Wight
    • Virginia

  • Typical household income

    $110,956a year

    17% above the county

    19% above Virginia

    • Carrollton
    • Isle of Wight
    • Virginia

  • Households that own their home

    69%

    11 points below the county

    2 points above Virginia

    • Carrollton
    • Isle of Wight
    • Virginia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$412,605
1.1% more than 12 months ago
Typical rent
$1,994 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Carrollton is in Isle of Wight County. The FHA loan limit ($757,850 for a one-unit home), the fair market rents and the help on this page are those of all of Isle of Wight County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Carrollton apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Ettrick, the typical home value is $211,200: 50% less than in Carrollton ($423,900).

  2. Nearby, in Gloucester Point, the typical rent is $1,062: 41% less than in Carrollton ($1,789).

  3. The typical rent in Carrollton is $1,789 a month, 32% more than in Isle of Wight County as a whole ($1,359).

  4. The typical home in Carrollton is worth $423,900, 19% more than in Isle of Wight County as a whole ($356,500).

  5. 69% of households in Carrollton own their home, against 80% in Isle of Wight County.

  6. The typical household income in Carrollton is $110,956, 17% more than in Isle of Wight County as a whole ($95,241).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Carrollton

What homes there are in Carrollton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Carrollton (65%), but less so than in Isle of Wight County (77%).

Year built

The typical home in Carrollton was built in 2005, 12 years after the typical one in Isle of Wight County.

Homes in Carrollton are smaller: 72% have 3 bedrooms or more; in Isle of Wight County, 79%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,512 a month

Isle of Wight County: $2,228 a month

Without a mortgage

$707 a month

Isle of Wight County: $613 a month

Owners with a mortgage

84%

Isle of Wight County: 66%

In Carrollton, 84% of owners have a mortgage, and their typical cost is $2,512 a month, against $2,228 in Isle of Wight County. Without one it drops to $707.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The boundaries of Carrollton changed since 2015–2019, so the Census does not compare its figures from then and now. In Isle of Wight County, the typical home value rose 34%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCarrolltonIsle of Wight CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.712.522.522.53
Drive alone 76%79%68%69%
Carpool 8%8%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 14%11%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 20 to 29 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.71 on average, against 2.52 in Isle of Wight County.

To get to work, 76% of workers in Carrollton drive alone; in Isle of Wight County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Carrollton?

A typical home costs more than the typical income allows

We start with a typical home in Carrollton, worth $423,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Carrollton, which is $110,956 a year. For that payment to be 28% of income, a household would need to earn about $147,044 a year.

The calculator's FHA and conventional loan limits are those of all of Isle of Wight County.

Your numbers

Local data
$

Starts at the typical home value in Carrollton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,837 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,431

at 7.18% · 30 years

Loan amount
$416,222
Total interest
$598,845
Paid off in
November 2056

Includes $7,159 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,589 a month

  • Tight

    $2,589 to $3,329 a month

  • Hard

    more than $3,329 a month

    Your payment · 37%

Compared with the typical household income in Carrollton ($110,956 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,431
Principal & interest$2,820
Property tax$247
Home insurance$177
FHA mortgage insurance (MIP)$187

You need at least $14,837 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Carrollton and Isle of Wight County

Carrollton is in Isle of Wight County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Carrollton's own numbers

Typical home value
$423,900
Typical monthly rent
$1,789
Typical yearly household income
$110,956
Households that own their home
69%
Effective property tax rate
0.7%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Isle of Wight County

FHA limit, one-unit home
$757,850
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,667
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Isle of Wight County.

Everything about Isle of Wight County

Buying

Buying a home in Carrollton

A typical home in Carrollton is worth $423,900: 19% above the county and 10% above Virginia. With the typical household income in Carrollton ($110,956 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Carrollton 3.8 years
  • Isle of Wight 3.7 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Isle of Wight County

According to FHFA’s house price index, home prices in Isle of Wight County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Isle of Wight County.

Period County Virginia U.S.
Last year (2025) +4.8% +3.7% +2.9%
5 years (2020–2025) +46% +49% +47%
10 years (2015–2025) +66% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Carrollton next to Isle of Wight County, Virginia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Carrollton $423,900
  • Isle of Wight $356,500
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Carrollton $1,789
  • Isle of Wight $1,359
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Carrollton $110,956
  • Isle of Wight $95,241
  • Virginia $93,170
  • United States $80,734
See the full table
Carrollton next to Isle of Wight County and Virginia
Measure Carrollton Isle of Wight County Virginia U.S.
Typical home value $423,900 $356,500 $383,700 $332,700
Typical monthly rent $1,789 $1,359 $1,579 $1,413
Typical yearly household income $110,956 $95,241 $93,170 $80,734
Households that own their home 69% 80% 67% 65%
Typical yearly property tax $2,956 $2,510 $2,790 $3,119
Effective property tax rate 0.7% 0.7% 0.73% 0.94%
Renters with high rent for their income 55% 43% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Isle of Wight County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Carrollton

For a typical $423,900 home in Carrollton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Carrollton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,431a month

    Least cash to close
    Down payment
    $14,837
    Cash to close
    $27,554
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $187

  • Conventional, 5% down $3,353a month

    Down payment
    $21,195
    Cash to close
    $33,912
    Rate
    7.18%
    Mortgage insurance
    PMI · $201

  • Conventional, 20% down, no PMI $2,721a month

    Down payment
    $84,780
    Cash to close
    $97,497
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,113a month

    Down payment
    $63,585
    Cash to close
    $76,302
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Carrollton and for Isle of Wight County.

Property tax

Effective rate in Carrollton

0.7%of the home’s value each year

$2,956 a year for the typical owner in Carrollton.

  • Carrollton 0.7%
  • Isle of Wight 0.7%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Isle of Wight County

FEMA does not publish these numbers by city: they are for all of Isle of Wight County.

Homes in the high-risk zone
2%
398
Of those, with NFIP insurance
14%
County Virginia U.S.
Homes in the high-risk zone 2% 1.5% 3.5%
Of those, with NFIP insurance 14% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Carrollton

Typical rent in Carrollton is $1,789 a month: 32% above the county. In Carrollton, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Isle of Wight County, by unit size. To pay the 2-bedroom one ($1,667 a month) without spending more than 30% of your income, you would need to earn $32.06 an hour working full time.

HUD fair market rent for all of Isle of Wight County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,470 $28.27 $58,800
1 bedroom $1,488 $28.62 $59,520
2 bedrooms $1,667 $32.06 $66,680
3 bedrooms $2,298 $44.19 $91,920
4 bedrooms $2,710 $52.12 $108,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Carrollton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Carrollton is in ZIP code 23314.

For 2 bedrooms it is $2,000: $333 more than the fair market rent for Isle of Wight County ($1,667).

  • 23314 $2,000$2,760

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Carrollton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Carrollton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Isle of Wight County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Carrollton

No down payment, repair or rent-help program on our list is for Carrollton or Isle of Wight County. The ones below are statewide in Virginia: they work in Carrollton the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Carrollton

The HUD-approved agencies closest to the center of Carrollton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Hampton Roads Community Action Program, Inc.

    2410 Wickham Ave, Newport News · 7 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 8 more
    (757) 247-0379

  • Commonwealth Catholic Charities

    740 Thimble Shoals Blvd, Newport News · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (804) 285-5986

  • Hampton Redevelopment and Housing Authority

    811 W Pembroke Ave, Hampton · 11 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (757) 727-1521

All counseling agencies in Virginia

Help in Spanish near Carrollton

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Carrollton

HUD lists no housing authority with an office in Isle of Wight County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Other cities in Isle of Wight County

These cities are also in Isle of Wight County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Isle of Wight County Housing in Virginia

Nearby cities

The cities closest to Carrollton, with the typical home value.

Neighboring counties

If Isle of Wight County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Carrollton.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Carrollton

Short answers with the numbers for Carrollton and all of Isle of Wight County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Carrollton?

The typical home value in Carrollton is $423,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Isle of Wight County it is $356,500.

How much does it cost to rent in Carrollton?

Typical rent in Carrollton is $1,789 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Isle of Wight County is $1,667.

What is the FHA loan limit in Carrollton?

Carrollton uses the FHA limit for all of Isle of Wight County (2026): $757,850 for a one-unit home and $1,457,450 for a four-unit home.

How much property tax do owners pay in Carrollton?

The typical homeowner in Carrollton pays $2,956 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Isle of Wight County, the rate is 0.7%.

Where can I find free help to buy or rent in Carrollton?

We found no HUD-approved counseling agencies with an office in Isle of Wight County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).