Home prices
The price of the median home in Gate City is $96,400. It is roughly $34,700 (26%) lower in comparison to other places in this area.Compared to the country as a whole it is roughly $121,100 (55%) lower, and compared to the city of Asheville is roughly $174,000 (64%) lower.
Rents
Gate City's median monthly rent is $488. This is about $132 (21%) lower in comparison to other places in this area.It is about $574 (54%) lower in comparison to the rest of the country, and is approximately $555 (53%) lower compared to the city of Asheville.
Nearby places
Weber City
Weber City is Gate City's neighbor to the southeast. Its real estate prices are somewhat more expensive. Weber City's median home cost is $105,500, which is $9,100 (8%) higher than Gate City. Its rents are a little more expensive. Weber City's median monthly rent is $587, which comes out to $99 (16%) higher than Gate City.
Bloomingdale
Bloomingdale is roughly 5 miles southeast from Gate City. The real estate prices there are somewhat more expensive. The median home cost in Bloomingdale is $110,000, which works out to $13,600 (12%) higher than Gate City. Rent there is somewhat more expensive. The median rent in Bloomingdale is $585 a month, which comes out to $97 (16%) higher than Gate City.
Mount Carmel
Mount Carmel is roughly 6 miles southwest of Gate City. Its real estate prices are a lot more expensive. The median home price in Mount Carmel is $151,600, which works out to $55,200 (36%) higher than Gate City. The rent there is somewhat more expensive. The median rent in Mount Carmel is $682 a month, which is $194 (28%) higher than Gate City.
Kingsport
Kingsport is approximately 8 miles south from Gate City. Housing prices there are significantly more expensive. The median home in Kingsport costs $145,800, which works out to $49,400 (33%) higher than Gate City. The rent there is a little more expensive. The median rent in Kingsport is $655 per month, which is $167 (25%) higher than Gate City.
Church Hill
Church Hill is about 10 miles southwest from Gate City. The real estate prices there are substantially more expensive. The median home in Church Hill costs $142,600, which is $46,200 (32%) higher than Gate City. Rents there are somewhat more expensive. In Church Hill the median rent is $593 per month, which is $105 (17%) higher than Gate City.
