Home Values

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

$231,700

  • 5.3% 1-year change
  • 1.0% 1-year forecast

The median home value in Virginia is $231,700. Virginia home values have gone up 5.3% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Virginia is $142. The median price of homes currently listed in Virginia is $264,500 while the median price of homes that sold is $289,612. The median rent price in Virginia is $1,545.

Foreclosures will be a factor impacting home values in the next several years. In Virginia 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 4.0%, which is lower than the national value of 6.9%. 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 17.1%.

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Relative ZHVI
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Virginia Market Overview

Data through Sep 30, 2014
  • $231,700 ZHVI
  • 1.0% 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
    (Sep 30, 2015)
  • $264,500 Median listing price
  • $289,612 Median sale price
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Virginia Market Health

Data through Sep 30, 2014
  • 6.1/10 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.
  • 82 Average days on Zillow (Aug 31, 2014)
  • 17.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes Virginia
4 homes United States
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Cities in Virginia

Name Median ZHVI
Arlington $621,800
Fairfax $499,900
Woodbridge $273,000
Name Median ZHVI
Virginia Beach $245,200
Chesapeake $236,600
Fredericksburg $228,500
Name Median ZHVI
Newport News $154,800
Richmond $142,300
Roanoke $139,900

Listings & Sales

Data through Sep 30, 2014
  • $142 Median list price / sq ft
  • $162 Median sale price / sq ft
  • 39.5% Listings with price cut
20.9%
Sold below listing
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Virginia Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,498 Virginia
    $1,335 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
  • $1,545 Rent list price
  • $1.16 Rent list price / sq ft
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