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Chincoteague

Chincoteague

$425,588 Average Value
$340 Average Price per Sq Ft
15 Homes For Sale

Chincoteague offers quaint island living and wild ponies

Chincoteague residents appreciate serene waterfront living, historic charm and plenty of outdoor activities in this unique destination on Virginia's Eastern Shore. The early settlers in the 17th century used Chincoteague Island for livestock grazing and introduced the horses now known as the Chincoteague ponies to the area's sandy beaches and marshlands. Over the years, seafood harvesting became a major industry for the small local population on the island, who shipped clams, crabs, and oysters to major cities across the East Coast. Today, though there is a vibrant community of passionate locals who live in Chincoteague full-time, tourism is the leading industry in town, with over a million annual visitors coming to fish, boat or see the Chincoteague ponies in their natural habitat. “It’s a resort town, but we do have an aquaculture farm and oyster farms in Toms Cove, so a healthy mix of everything,” says Terri Rose, a Chincoteague Island local and broker/owner with Dockside Properties. “It has a very rural, very Norman Rockwell atmosphere, similar along the whole Eastern Shore.”

Natural preserves, Assateague Beach and island parks

The Downtown Waterfront Park features an open field, a picnic pavilion, and a boardwalk with boat slips, offering picturesque views of the sunset over Chincoteague Bay to the west. Curtis Merritt Harbor has boat slips, allowing locals to dock their private vessels. Chincoteague National Wildlife Refuge is the island's most famous attraction, a 14,000-acre park with beaches along the Atlantic Ocean, historic landmarks such as the Assateague Lighthouse and 15 miles of paved trails for nature walks. Hikers can spot the famous Chincoteague wild ponies grazing by the salt marshes around the refuge, and the annual Pony Swim brings out locals and tourists from around the country.

Diverse housing styles and waterfront home options

Buyers can find townhouses, ramblers and cottages along narrow streets. The median sale price in Chincoteague is $497,500, with prices ranging from $80,000 for modest single-story ramblers to $600,000 for larger farmhouse-style homes. Prices can climb as high as $1.5 million for large homes on Chincoteague Bay. Numerous waterfront options around town often feature private, deep-water docks. There are also multiple condominium properties on the island, with units starting at $130,000 and going up to $500,000. Potential homebuyers need to be aware that Chincoteague properties face an extreme flood risk, due to the island’s proximity to the Atlantic Ocean.

The Chincoteague Volunteer Fireman's Carnival and Pony Swim

The Chincoteague Pony Swim has been an annual tradition for over a century. On the last Wednesday of July, "saltwater cowboys" herd dozens of wild Chincoteague ponies across the Assateague Channel to Veterans Memorial Park, and the next day, there is a pony auction. The event's purpose is to conserve the pony population. The Annual Chincoteague Fire Company Carnival has also been running every summer for a century, complete with carnival rides, food vendors and raffles, to raise money for the Chincoteague Volunteer Fire Company. The Chincoteague Island Farmers and Artisans Market runs from May through October on Saturday mornings, where shoppers can browse handmade goods produced by area artisan vendors and buy locally sourced produce, seafood and eggs.

Local eateries and markets line Chincoteague streets

Most of Chincoteague's restaurants and shops are located along Main Street or Maddox Boulevard. Bill's Prime Seafood & Steaks is a high-end spot serving surf-and-turf specials since 1960. Locals can stop by Island Foods, the local supermarket on Cleveland Street, or shop at several wholesalers that sell fresh-caught seafood and produce.

The town's public schools offer STEM academies

Accomack County Public Schools serves the area. Students can attend Chincoteague Elementary School, which has a B-minus rating from Niche, while Chincoteague High receives a B-rating. The high school offers a STEM Pathway program in fire science.

Commutes around Chincoteague, and nearby NASA facilities

Salisbury State Route 175 is the only thoroughfare that connects Chincoteague residents to mainland Virginia, intersecting with US Route 13 in Wattsville, about 10 miles away. Salisbury is a 48-mile drive north along U.S. Route 13, which takes about an hour. From there, locals can work, shop, or catch flights from Salisbury Regional Airport. “We have NASA's Wallops Flight Facility on the mainland, which is 15 minutes away; people move to this area for the rocket launches,” says Rose. “We’ve even resupplied the space station from here.” Pocomoke City is 21 miles away and offers department stores like Walmart. Riverside Shore Memorial Hospital is a nearby medical center, 31 miles south of the island. Star Transit buses make numerous stops throughout Chincoteague for public transit options.

Maxwell Olarinde
Written By
Maxwell Olarinde

Interested in learning more about homes in this area? Reach out to Jennifer Whittington, an experienced agent in this area.

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Chincoteague Housing Trends

Housing Trends

Median List Price
$487,450
Median Sale Price
$462,500
Median Single Family Sale Price
$476,000
Median Townhouse Sale Price
$514,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
36
Median Home Sale Price YoY Change
40%
Average Price Per Sq Ft
$340

Area Facts

Number of Homes
251
Number of Homes for Sale
15
Median Year Built
1998
Months of Supply
5.00
Average Single Family Home Size Sq Ft
1,364
Significantly below the national average
1,929
Average Townhouse Size Sq Ft
1,418
Average 1 Bedroom Size Sq Ft
288
Median Lot Size Sq Ft
9,801

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Chincoteague Has More Owners

Demographics

Total Population
6,507
Median Age
56
Population under 18
15.6%
Below the national average
23.8%
Population over 65
34.7%
Above the national average
19.1%

Finances

Median Household Income
$54,370
Significantly below the national average
$71,702
Average Household Income
$78,622

Education and Workforce

High School Graduates
92.5%
College Graduates
40.9%
Above the national average
34.1%
Advanced Degrees
20%
% Population in Labor Force
46.2%
Below the national average
65.1%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
30°F
Average Summer High Temperature
86°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

47 / 100

Car-Dependent

Walk Score®®

13 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Chincoteague