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City · 11,109 residents · Gloucester County, Virginia

Gloucester Point , Virginia

In Gloucester Point, a typical home is worth $320,700 and typical rent is $1,062 a month. Compared with all of Gloucester County, typical household income is 12% lower and the share of households that own their home is 13 points lower.

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  • Typical home value

    $320,700

    3% below the county

    16% below Virginia

    • Gloucester Point
    • Gloucester
    • Virginia

  • Typical rent

    $1,062a month

    3% below the county

    33% below Virginia

    • Gloucester Point
    • Gloucester
    • Virginia

  • Typical household income

    $74,001a year

    12% below the county

    21% below Virginia

    • Gloucester Point
    • Gloucester
    • Virginia

  • Households that own their home

    67%

    13 points below the county

    About the same as Virginia

    • Gloucester Point
    • Gloucester
    • Virginia

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

Market now, with Zillow data

Zillow data
Typical home value
$349,355
3.6% more than 12 months ago

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

Gloucester Point is in Gloucester 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 Gloucester County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Gloucester Point apart

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

  1. Nearby, in Montrose, the typical home value is $194,100: 39% less than in Gloucester Point ($320,700).

  2. 67% of households in Gloucester Point own their home, against 80% in Gloucester County.

  3. Gloucester Point has the 16th lowest typical rent of the 157 cities in Virginia with more than 5,000 people ($1,062).

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

The homes here

Housing in Gloucester Point

What homes there are in Gloucester Point, 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 Gloucester Point (69%), but less so than in Gloucester County (81%).

Year built

Homes in Gloucester Point are older: the typical year built is 1982; in Gloucester County, 1987.

There are fewer big homes in Gloucester Point than in Gloucester County: 68% have 3 bedrooms or more, against 76%.

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

$1,723 a month

Gloucester County: $1,771 a month

Without a mortgage

$545 a month

Gloucester County: $527 a month

Owners with a mortgage

69%

Gloucester County: 68%

The typical cost for an owner with a mortgage in Gloucester Point is $1,723 a month, near the figure in Gloucester County ($1,771).

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 typical home value in Gloucester Point rose 35% since 2015–2019, less than in Gloucester County (44%).

The typical rent in Gloucester Point stayed about the same over that time: the difference is within the Census margin of error.

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

MeasureGloucester PointGloucester 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 2.542.572.522.53
Drive alone 86%84%68%69%
Carpool Unreliable estimate4%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 10%11%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

By size, households in Gloucester Point look like those in Gloucester County: 2.54 people on average.

To get to work, 86% of workers in Gloucester Point drive alone; in Gloucester County, 84%.

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 Gloucester Point?

A typical home costs more than the typical income allows

We start with a typical home in Gloucester Point, worth $320,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Gloucester Point, which is $74,001 a year. For that payment to be 28% of income, a household would need to earn about $109,986 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Gloucester Point. 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 $11,225 (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

$2,566

at 7.18% · 30 years

Loan amount
$314,891
Total interest
$453,054
Paid off in
November 2056

Includes $5,416 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,727 a month

  • Tight

    $1,727 to $2,220 a month

  • Hard

    more than $2,220 a month

    Your payment · 42%

Compared with the typical household income in Gloucester Point ($74,001 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,566
Principal & interest$2,133
Property tax$158
Home insurance$134
FHA mortgage insurance (MIP)$142

You need at least $11,225 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

Gloucester Point and Gloucester County

Gloucester Point is in Gloucester 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).

Gloucester Point's own numbers

Typical home value
$320,700
Typical monthly rent
$1,062
Typical yearly household income
$74,001
Households that own their home
67%
Effective property tax rate
0.59%

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

Numbers for all of Gloucester 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)
+54%
Homes in a high flood-risk zone
10%

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 Gloucester County.

Everything about Gloucester County

Buying

Buying a home in Gloucester Point

A typical home in Gloucester Point is worth $320,700: 3% below the county and 16% below Virginia. With the typical household income in Gloucester Point ($74,001 a year), a typical home costs 4.3 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.

  • Gloucester Point 4.3 years
  • Gloucester 3.9 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Gloucester County

According to FHFA’s house price index, home prices in Gloucester County rose 72% in the 10 years through 2025.

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

Period County Virginia U.S.
Last year (2025) +6.0% +3.7% +2.9%
5 years (2020–2025) +54% +49% +47%
10 years (2015–2025) +72% +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

Gloucester Point next to Gloucester 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
  • Gloucester Point $320,700
  • Gloucester $331,000
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Gloucester Point $1,062
  • Gloucester $1,096
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Gloucester Point $74,001
  • Gloucester $84,306
  • Virginia $93,170
  • United States $80,734
See the full table
Gloucester Point next to Gloucester County and Virginia
Measure Gloucester Point Gloucester County Virginia U.S.
Typical home value $320,700 $331,000 $383,700 $332,700
Typical monthly rent $1,062 $1,096 $1,579 $1,413
Typical yearly household income $74,001 $84,306 $93,170 $80,734
Households that own their home 67% 80% 67% 65%
Typical yearly property tax $1,880 $1,878 $2,790 $3,119
Effective property tax rate 0.59% 0.57% 0.73% 0.94%
Renters with high rent for their income 39% 38% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Gloucester 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 Gloucester Point

For a typical $320,700 home in Gloucester Point, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Gloucester Point's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,566a month

    Least cash to close
    Down payment
    $11,225
    Cash to close
    $20,846
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $142

  • Conventional, 5% down $2,508a month

    Down payment
    $16,035
    Cash to close
    $25,656
    Rate
    7.18%
    Mortgage insurance
    PMI · $152

  • Conventional, 20% down, no PMI $2,029a month

    Down payment
    $64,140
    Cash to close
    $73,761
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,326a month

    Down payment
    $48,105
    Cash to close
    $57,726
    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 Gloucester Point and for Gloucester County.

Property tax

Effective rate in Gloucester Point

0.59%of the home’s value each year

$1,880 a year for the typical owner in Gloucester Point.

  • Gloucester Point 0.59%
  • Gloucester 0.57%
  • 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 Gloucester County

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

Homes in the high-risk zone
10%
1,665
Of those, with NFIP insurance
61%
County Virginia U.S.
Homes in the high-risk zone 10% 1.5% 3.5%
Of those, with NFIP insurance 61% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Gloucester Point

Typical rent in Gloucester Point is $1,062 a month: 3% below the county. In Gloucester Point, 39% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Gloucester 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 Gloucester 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 Gloucester Point

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Gloucester Point has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,170 in 23062 to $1,260 in 23072.

None is above the fair market rent for Gloucester County ($1,667).

  • 23062 $1,170$1,610
  • 23072 $1,260$1,740

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Gloucester Point 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 Gloucester Point

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 Gloucester County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Gloucester Point

No down payment, repair or rent-help program on our list is for Gloucester Point or Gloucester County. The ones below are statewide in Virginia: they work in Gloucester Point 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 Gloucester Point

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

  • Catholic Charities of Eastern Virginia

    12829 Jefferson Ave Ste 101, Newport News · 9 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (757) 875-0060

  • James City County Office of Housing

    5320 Palmer Ln, Williamsburg · 13 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (757) 259-5340

  • Commonwealth Catholic Charities

    740 Thimble Shoals Blvd, Newport News · 13 miles away · Spanish

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

All counseling agencies in Virginia

Help in Spanish near Gloucester Point

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 Gloucester Point

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

All housing agencies in Virginia Source: HUD

Cities

Nearby cities

The cities closest to Gloucester Point, with the typical home value.

Everything about Gloucester County Housing in Virginia

Neighboring counties

If Gloucester 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 Gloucester Point.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Gloucester Point

Short answers with the numbers for Gloucester Point and all of Gloucester 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 Gloucester Point?

The typical home value in Gloucester Point is $320,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Gloucester County it is $331,000.

How much does it cost to rent in Gloucester Point?

Typical rent in Gloucester Point is $1,062 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Gloucester County is $1,667.

What is the FHA loan limit in Gloucester Point?

Gloucester Point uses the FHA limit for all of Gloucester 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 Gloucester Point?

The typical homeowner in Gloucester Point pays $1,880 a year, according to the U.S. Census Bureau. That is 0.59% of the home’s value; in Gloucester County, the rate is 0.57%.

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

We found no HUD-approved counseling agencies with an office in Gloucester 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).