Isle of Wight County

Mortgage rates for Isle of Wight County are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

The median home value in Isle of Wight County is $363k. The median monthly rent is $1,310. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Home values in Isle of Wight County have increased 13.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

Based on a typical all-in ownership cost of $1,547/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Isle of Wight County is $99k/year.

The largest employment sectors in Isle of Wight County are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.