Virginia Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Virginia?
The Virginia housing market is showing balanced conditions.
home values have grown a moderate 1.6% year-over-year. there are currently 897 homes on the market.
Median Home Value
$401,888
Zillow Home Value Index
Year-over-Year
+1.6%
Home value change
5-Year Change
+32.1%
Since 2021
Median Rent
$1,415/mo
Zillow Observed Rent Index
Active Listings
897
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: $1,415/mo (+5% YoY)
Rent vs. Buy Analysis
With a median home value of $401,888 and average rent of $1,415/mo, the price-to-rent ratio in Virginia is 23.7. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in Virginia
Explore housing data for 12 metro areas in Virginia. Click any market for detailed trends and analysis.
Charlottesville, VA
$455,056
Avg rent: $1,962/mo
Richmond, VA
$380,856
Avg rent: $854/mo
Winchester, VA
$376,227
Avg rent: $1,718/mo
Virginia Beach, VA
$360,158
Avg rent: $1,795/mo
Harrisonburg, VA
$339,040
Avg rent: $1,695/mo
Staunton, VA
$316,550
Avg rent: $1,390/mo
Roanoke, VA
$286,523
Avg rent: $1,360/mo
Lynchburg, VA
$276,646
Avg rent: $1,300/mo
Blacksburg, VA
$275,368
Avg rent: $1,779/mo
Danville, VA
$157,393
Avg rent: $825/mo
Martinsville, VA
$128,733
Avg rent: $884/mo
Big Stone Gap, VA
$123,198
Continue Learning About Virginia
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.