Virginia Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Northern Virginia's market remains driven by the tech corridor (Amazon HQ2, Northrop Grumman, General Dynamics) and federal government proximity. Loudoun County has been one of the fastest-growing counties in the nation for two decades. Richmond has experienced a mid-size city renaissance, with the Fan District, Scott's Addition, and Church Hill neighborhoods attracting young professionals and investors. Virginia Beach-Norfolk's market is stable, anchored by the largest naval base in the world and a growing cybersecurity sector. Charlottesville and Roanoke offer lifestyle-oriented alternatives at significantly lower prices.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Virginia?

The Virginia housing market is showing balanced conditions.

home values have grown a moderate 1.5% year-over-year. there are currently 846 homes on the market.

Median Home Value

$405,474

Zillow Home Value Index

Year-over-Year

+1.5%

Home value change

5-Year Change

+30.7%

Since 2021

Median Rent

$1,451/mo

Zillow Observed Rent Index

Active Listings

846

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Virginia vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Virginia: $1,451/mo (+4.2% YoY)

Rent vs. Buy Analysis

With a median home value of $405,474 and average rent of $1,451/mo, the price-to-rent ratio in Virginia is 23.3. A ratio above 21 suggests renting may be more cost-effective.

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