Fancy Gap: Housing & Real Estate
Homes in Fancy Gap carry a median value of $-666,666,666, with median rent $-666,666,666. Homeownership rate: 42.2%. Market is cold. Vacancy rate 56.7%. New construction makes up 2.4% of stock. A municipal building code is in effect.
- -6747.8× annual income — home value vs. household income (vs Virginia 4.1×).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $-666,666,666 — -1742.9× the Virginia median ($382,500). Median rent $-666,666,666/month. homeownership rate 42.2% — below the U.S. share of ~65%.
| Affordability · Poverty Rate | 15.2% |
|---|---|
| Affordability · Property Tax Pct Income | 0.6% |
| Fair Market Rent · Studio rent | $765 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $770 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $914 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $1,271 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $1,481 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Carroll County-Galax city, VA HUD Nonmetro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $-666,666,666 (vs Virginia $382,500) |
| Median Rent | $-666,666,666 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cold |
|---|---|
| Housing Market · Vacancy rate | 56.7% |
| Housing Market · New construction (% of stock) | 2.4% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (2)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.0% (vs Virginia 0.5%) |
| Broadband · Broadband-capable premises | 239 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.990654206 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 0.990654206 (at Virginia median) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 42.2% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1969 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12