Foreclosure Homes in Chester Gap, VA

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20 Waterfall-rd-Chester-gap-VA-22623
$122,000 List Price

Waterfall Rd
Chester Gap, VA 22623

3 Bed | 2 Bath

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Home Value Estimator For Chester Gap, VA

There are currently 333 real estate properties in Chester Gap, VA, with a median automated valuation model (AVM) price of $258,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chester Gap, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chester Gap, VA, is $272,206.00, with the most expensive house in Chester Gap, VA, topping out at $647,400.00 and the cheapest home in Chester Gap, VA, clocking in at $124,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Chester Gap, VA!

Rent Prices In Chester Gap, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chester Gap, VA, is on a rollercoaster ride. The average rent price in Chester Gap, VA, is $1,243.00. Indeed, when looking to rent in Chester Gap, VA, you can expect to pay as little as $860.00 or as much as $2,240.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Chester Gap, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Chester Gap, VA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Chester Gap, VA area at Get information on foreclosure homes for rent, how to buy foreclosures in Chester Gap, VA and much more. Save thousands at closing with home foreclosure listings in Chester Gap, VA — up to 75% off market value!

Top Reasons To Live In Chester Gap, VA In 2021

Chester Gap is located in Rappahannock, Virginia, with an estimated municipal population of 1,145 residents. All of the best foreclosed homes for sale in Chester Gap are located in the following zip code areas on 22640 22623. The estimated population per square kilometer (.62 miles) in Chester Gap is 212.

Cost Of Living In Chester Gap, VA

So, about how much do homes cost in Chester Gap? The most recent median value of resident-owned homes in Chester Gap is 201,752. An estimated 79 percent of households in Chester Gap own their homes, with an average family size of 3.52. The median household income in Chester Gap is 88,409, with34.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chester Gap, the median commute time of resident workers (in minutes) is 56.3. And last, but certainly not least, are you looking for homes to rent in Chester Gap? If so, the average rent price paid by renters in Chester Gap is 1,141, according to recent statistics.

Diversity And Demographics In Chester Gap, 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 Chester Gap, 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 Chester Gap is 36.3, split between 54.1 percent male versus 45.9 female. The percentage of residents who report being married in Chester Gap is 25.8, with an average family size of 3.52.

The percentage of residents who report their race in Chester Gap 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 Chester Gap? Or maybe you are searching for 55+ active adult communities in and/or near Chester Gap?

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

Under 10 14.1%
Aged 10-19 16.6%
20s 12.3%
30s 16.1%
40s 13.6%
50s 9.9%
60s 6.9%
70s 4.5%
80+ 6%

Best Schools In Chester Gap, 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 Chester Gap with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chester Gap.

Pros And Cons Of Living In Chester Gap, Virginia

How do you know that living in -- or moving to -- Chester Gap is right where you need to be? Perhaps you grew up in Chester Gap or already live nearby; therefore, the decision to buy a home in Chester Gap is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chester Gap 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 Chester Gap:

  • 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 Chester Gap.

Reasons To Move To Chester Gap, Virginia, In 2021

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


Listing types in Chester Gap, VA

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