Virginia Home Prices & Values

$231,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.2% 1-year change
  • 1.2% 1-year forecast

The median home value in Virginia is $231,100. Virginia home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Virginia is $141. The median price of homes currently listed in Virginia is $265,000 while the median price of homes that sold is $314,350. The median rent price in Virginia is $1,600.

Foreclosures will be a factor impacting home values in the next several years. In Virginia 2.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 Jul 31, 2014
  • $231,100 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    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, 2015)
  • $265,000 Median listing price
  • $314,350 Median sale price
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Virginia Market Health

Data through Jul 31, 2014
  • 6.6/10 Healthy What's This?  
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    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.

  • 85 Average days on Zillow (Jun 30, 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)

2.2 homes Virginia
4.4 homes United States
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Cities in Virginia

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Arlington $623,200 Fairfax $503,200 Woodbridge $275,700
Virginia Beach $243,400 Chesapeake $237,900 Fredericksburg $228,600
Newport News $155,000 Richmond $142,300 Roanoke $140,200

Listings & Sales

Data through Jul 31, 2014
  • $141 Median list price / sq ft
  • $173 Median sale price / sq ft
  • 37.5% Listings with price cut
20.3%
Sold below listing
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Virginia Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,495 Virginia
$1,318 United States
  • No data Breakeven horizon
  • $1,600 Rent list price
  • $1.20 Rent list price / sq ft
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