Cost of Living in Fancy gap, VA
Housing
The housing market plays a significant role in determining the cost of living in Fancy gap, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Analyzing the real estate landscape in Fancy gap, VA, we find an alluring median home price of 200000. However, all housing indices and average rents for both 2-bedroom apartments and homes are currently at 0.0, suggesting that either property rental opportunities are scarce or data is unreported. While purchasing may seem attractive at this price point, potential buyers should be cautious about market health and future development. Understanding local amenities and job markets is vital; they can heavily impact demand and livability beyond solely housing costs. Always conduct further research before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fancy gap, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Fancy gap, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fancy gap is a financially viable option for your relocation.