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Condo Foreclosures in Wallops Island, VA

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Wallops Island, VA Foreclosures

Current Market Conditions in in Wallops Island, VA As of February 2026?
Over the past month, Wallops Island's real estate market has shown signs of buoyancy with an increase in buyer inquiries and showings, largely spurred by the warmer weather encouraging buyers to explore new properties. Though inventory levels have grown slightly, the competitive nature of the market suggests that well-priced homes are still seeing quick sales. Overall, there is an optimistic outlook, with buyers recognizing the unique lifestyle offered by the island.
How much do homes sell for in Wallops Island, VA?
The average home price is currently $264,354.
What’s the average rental cost in Wallops Island, VA?
The average rental price in Wallops Island is $1,042.
What is the most expensive home in Wallops Island?
The most expensive home sold in Wallops Island had a price of $1,094,083.
What is currently the cheapest priced home in Wallops Island, VA?
The cheapest home for sale in Wallops Island is priced at $59,553.

Living in Wallops Island, VA

Wallops Island, VA is a charming coastal community steeped in maritime tradition and known for the iconic NASA Wallops Flight Facility. With its stunning natural landscapes and access to outdoor activities, residents enjoy a peaceful lifestyle surrounded by beautiful beaches and scenic parks. This quaint locale is ideal for those seeking a serene retreat while being close enough to larger towns for modern conveniences.

Buyer vs Seller Market in Wallops Island, VA

The real estate market in Wallops Island has remained stable over the past year, characterized by a modest increase in home values and continued interest in properties due to the area's unique attributes. The draw of the NASA facility and outdoor lifestyle continues to attract buyers looking for a serene retreat with access to recreational opportunities.

There has been a slight uptick in inventory this past month, allowing for more options for buyers. However, demand remains strong as the community's allure continues to grow, indicating a healthy market for both sellers and buyers. Seasonal trends often influence the pace of sales, with peak interest noted in the spring and summer months.

Home Value Estimator For Wallops Island, VA

There are currently 191 real estate properties in Wallops Island, VA, with a median automated valuation model (AVM) price of $247,521.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wallops Island, 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 Wallops Island, VA, is $264,354.00, with the most expensive house in Wallops Island, VA, topping out at $1,094,083.00 and the cheapest home in Wallops Island, VA, clocking in at $59,553.00. In other words, there’s something for every potential homebuyer or savvy investor in Wallops Island, VA!

Rent Prices In Wallops Island, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wallops Island, VA, is on a rollercoaster ride. The average rent price in Wallops Island, VA, is $1,042.00. Indeed, when looking to rent in Wallops Island, VA, you can expect to pay as little as $740.00 or as much as $1,500.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Wallops Island, 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.

Wallops Island, VA Condos


Market Trend for Wallops Island, VA

Total Listings Available: 0

Market Values:

Home Prices from $59,553 to $1,094,083

Average Sales Price: $264,354

Rental Values:

Rental from $740 to $1,500

Average Rent Value: $1,042 / month

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