The typical owner-occupied home in Pungoteague is worth about $143,600, 63% below the Virginia median of $383,700 and 57% below the national median of $332,700. Owners pay a median $1,262 a year in property taxes, about 0.88% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $157,805 a year, so the median home costs 0.9 times the median income (4.1 times for Virginia). 65% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Pungoteague at a glance
| Pungoteague | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $143,600 | $383,700 | $332,700 |
| Median property tax paid per year | $1,262 | $2,790 | $3,119 |
| Property tax as a share of value | 0.88% | 0.73% | 0.94% |
| Median household income | $157,805 | $93,170 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 33% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,127 | $1,963 |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1962 | 1984 | 1980 |
| Vacant homes | 41.2% | 8.7% | 10.1% |
| Population | 190 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Pungoteague
At this week's average 30-year rate of 7.11%, buying the median Pungoteague home of $143,600 with 20% down costs about $938 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,177, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $40,198 for the 20%-down payment. That payment is 7% of the median Pungoteague household income of $157,805; at that income and 20% down, the 28% guideline points to a home of about $564,000.
| Down payment | $28,720 |
|---|---|
| Loan amount | $114,880 |
| Principal and interest | $773 |
| Property taxes (0.88% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $938 |
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| Down payment | $5,026 |
|---|---|
| Loan amount | $140,999 |
| Principal and interest | $949 |
| Property taxes (0.88% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,177 |
Change the numbers in the calculator
Questions about home buying in Pungoteague
What is the median home value in Pungoteague?
About $143,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pungoteague?
Homeowners pay a median $1,262 a year, which is about 0.88% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Pungoteague?
For the median home with 20% down at 7.11%, the payment is about $938 a month. Keeping that under 28% of gross income takes about $40,198 a year.
More about Pungoteague
- Mortgage Refinance in Pungoteague
- Debt Relief in Pungoteague
- Home Equity Loans in Pungoteague
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data