Virginia Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$228,600

  • -0.4% 1-year change
  • -2.5% 1-year forecast

The median home value in Virginia is $228,600. Virginia home values have declined -0.4% over the past year and Zillow predicts they will fall -2.5% within the next year. The median rent price in Virginia is $1,650.

Foreclosures will be a factor impacting home values in the next several years. In Virginia 1.9 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Virginia is 3.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Virginia homeowners underwater on their mortgage is 16.7%.

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Relative ZHVI
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Virginia Market Overview

Data through Jul 31, 2015
  • $228,600 ZHVI
  • -2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $298,375 Median sale price
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Virginia Market Health

Data through Jul 31, 2015
  • 3.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 72 Average days on Zillow (Jun 30, 2015)
  • 16.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Virginia
4 United States
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Cities in Virginia

Name Median ZHVI
Arlington $610,700
Fairfax $494,900
Woodbridge $263,400
Name Median ZHVI
Virginia Beach $238,600
Chesapeake $231,800
Fredericksburg $219,700
Name Median ZHVI
Newport News $153,200
Richmond $141,300
Roanoke $135,700

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $166 Median sale price / sq ft
  • No data Listings with price cut
18.5%
Sold below previous sale price
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Virginia Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,504 Virginia
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,650 Rent list price
  • $1.06 Rent list price / sq ft
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