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Bluemont Presbyterian Church and CemeteryBluemont Presbyterian Church and Cemetery · Photo: G Keith Hall · CC BY-SA 3.0
–Not graded
Cost of living in Fancy Gap · Census 2020–24 · HUD 2026

Renting in Fancy Gap: a two-bedroom costs about $990

Fancy Gap is too small for a cost of living grade (TownRatings grades places of 1,000 or more).

How TownRatings grades cost of living

Typical home value
$236K
▲ 4.4% in a year · VA $412K
Zillow
Homes sold
0
in September
2-bedroom rent
$990
a month, utilities in · HUD

Only 0 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.

What kind of housing town is Fancy Gap?

Read from the numbers below. The page puts what stands out first.

Cost of living grade

Why Fancy Gap isn’t graded

The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing. Here only the tax bill is left.

–Home pricesNo Census home value
–Property taxCensus figure available
–Households stretched52 renter households (the grade needs 200)
–RentNo Census median rent

How TownRatings grades cost of living →

Renting

A two-bedroom rents for about $990

Fair Market Rent a month, utilities included

Studio$820
1 bedroom$830
2 bedrooms$990
3 bedrooms$1,350
4 bedrooms$1,590

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Carroll County-Galax city, VA HUD Nonmetro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Fancy Gap and its neighbors

One source per column.

Cost next door · one source per column

TownCostTypical home
Zillow, September 2026
Median value
Census 2020–24
Tax rate
bill ÷ value
2-bed rent
HUD 2026
Fancy Gap–$236K——$990

“—” under Cost: not graded (too little Census data, or under 1,000 residents).

Questions about the cost of living in Fancy Gap

How much is rent in Fancy Gap?

HUD puts a two-bedroom at about $990 a month with utilities, the going rate for someone moving in.

Why doesn’t Fancy Gap have a cost of living grade?

Fancy Gap is too small for a cost of living grade (TownRatings grades places of 1,000 or more).

Neighbors talk housing

What Fancy Gap buyers, sellers and renters are saying.

Town Square →
Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.