Foreclosures in Wachapreague, VA

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View this home at Main St Melfa VA 23410
$73,056 EMV
Main St
Melfa, VA 23410
EST. RENT: $950
AUCTION: 05-15-2024
Displaying 1 - 10 of 37

Top Reasons To Live In Wachapreague, VA In 2024

Wachapreague is located in Accomack, Virginia, with an estimated municipal population of 223 residents. All of the best foreclosed homes for sale in Wachapreague are located in the following zip code areas on 23480. The estimated population per square kilometer (.62 miles) in Wachapreague is 385.

Cost Of Living In Wachapreague, VA

So, about how much do homes cost in Wachapreague? The most recent median value of resident-owned homes in Wachapreague is 143,802. An estimated 79.6 percent of households in Wachapreague own their homes, with an average family size of 2.24. The median household income in Wachapreague is 42,386, with8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wachapreague, the median commute time of resident workers (in minutes) is 23.8. And last, but certainly not least, are you looking for homes to rent in Wachapreague? If so, the average rent price paid by renters in Wachapreague is 950, according to recent statistics.

Diversity And Demographics In Wachapreague, Virginia

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wachapreague, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Wachapreague is 61.5, split between 51 percent male versus 49 female. The percentage of residents who report being married in Wachapreague is 52.5, with an average family size of 2.24.

The percentage of residents who report their race in Wachapreague is as follows:

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Wachapreague? Or maybe you are searching for 55+ active adult communities in and/or near Wachapreague?

The percentage of residents who report their age in Wachapreague is as follows:

Under 10 2.1%
Aged 10-19 9.9%
20s 2.1%
30s 6.8%
40s 4.7%
50s 24%
60s 16.7%
70s 24%
80+ 9.9%

Best Schools In Wachapreague, Virginia

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wachapreague with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wachapreague.

Pros And Cons Of Living In Wachapreague, Virginia

How do you know that living in -- or moving to -- Wachapreague is right where you need to be? Perhaps you grew up in Wachapreague or already live nearby; therefore, the decision to buy a home in Wachapreague is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wachapreague for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wachapreague:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wachapreague.

Reasons To Move To Wachapreague, Virginia, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wachapreague can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wachapreague, meanwhile, can field multiple offers from more qualified buyers.

Wachapreague, VA Foreclosures


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