Is now a good time to buy a home in Virginia?
The typical home value in Virginia is $416K as of Aug 2026 (Zillow Home Value Index), up 2.2% from a year earlier. Over five years prices have compounded at +4.2% a year. Prices are 6.5% below their 10-year trend line.
Virginia price trend & forecast
Cities in Virginia ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Hampton | $285K | +2.8% | +5.0% | +3.5% | BUY | 67/100 |
| Portsmouth | $269K | +2.6% | +4.6% | +2.0% | ACCUMULATE | 61/100 |
| Petersburg | $253K | +3.2% | +8.6% | +1.0% | WAIT | 60/100 |
| Chesapeake | $428K | +3.7% | +4.9% | +2.6% | ACCUMULATE | 59/100 |
| Newport News | $296K | +3.1% | +5.4% | +1.8% | ACCUMULATE | 59/100 |
| Ashburn | $803K | +0.8% | +3.4% | +0.4% | ACCUMULATE | 59/100 |
| Suffolk | $391K | +2.9% | +4.8% | +1.6% | ACCUMULATE | 59/100 |
| Chester | $395K | +2.3% | +4.3% | +0.9% | ACCUMULATE | 59/100 |
| Colonial Heights | $300K | +1.4% | +5.5% | +0.0% | ACCUMULATE | 59/100 |
| Lynchburg | $267K | +0.8% | +5.1% | +0.7% | ACCUMULATE | 58/100 |
| Chantilly | $808K | +1.0% | +3.5% | +0.2% | ACCUMULATE | 58/100 |
| Palmyra | $379K | +0.8% | +4.5% | +0.1% | ACCUMULATE | 58/100 |
| Virginia Beach | $430K | +3.2% | +4.5% | +1.5% | ACCUMULATE | 57/100 |
| Richmond | $367K | +3.0% | +4.4% | +0.6% | WAIT | 57/100 |
| Norfolk | $314K | +1.5% | +3.6% | +1.2% | ACCUMULATE | 57/100 |
| Williamsburg | $470K | +2.2% | +5.1% | +1.7% | ACCUMULATE | 57/100 |
| Leesburg | $858K | +2.9% | +4.4% | +0.7% | ACCUMULATE | 57/100 |
| Yorktown | $485K | +2.8% | +4.8% | +2.7% | ACCUMULATE | 57/100 |
| Culpeper | $462K | +3.9% | +4.8% | +1.4% | ACCUMULATE | 57/100 |
| Aldie | $1.12M | +4.7% | +5.3% | +0.7% | ACCUMULATE | 57/100 |
| King George | $477K | +3.0% | +4.2% | +1.2% | ACCUMULATE | 57/100 |
| Purcellville | $913K | +3.9% | +4.9% | +1.1% | ACCUMULATE | 57/100 |
| Roanoke | $280K | +2.3% | +5.9% | +0.9% | ACCUMULATE | 56/100 |
| Glen Allen | $518K | +1.5% | +4.2% | +0.9% | ACCUMULATE | 56/100 |
| Staunton | $318K | +4.8% | +5.6% | +1.9% | ACCUMULATE | 56/100 |
| Hopewell | $235K | +2.6% | +6.5% | -0.9% | WAIT | 56/100 |
| Abingdon | $288K | +2.7% | +6.6% | +0.9% | ACCUMULATE | 56/100 |
| Haymarket | $819K | +2.1% | +3.7% | +0.4% | ACCUMULATE | 56/100 |
| Fredericksburg | $481K | +1.0% | +3.9% | -0.2% | ACCUMULATE | 55/100 |
| Midlothian | $473K | +2.6% | +4.5% | +0.6% | ACCUMULATE | 55/100 |
| Sterling | $635K | +1.3% | +3.8% | +0.1% | ACCUMULATE | 55/100 |
| Gainesville | $758K | +1.9% | +4.1% | +0.1% | ACCUMULATE | 55/100 |
| Warrenton | $688K | +2.4% | +4.4% | +1.1% | ACCUMULATE | 55/100 |
| Front Royal | $388K | +2.9% | +4.9% | +0.8% | ACCUMULATE | 55/100 |
| Arlington | $814K | +1.6% | +2.0% | +0.7% | ACCUMULATE | 54/100 |
| Woodbridge | $500K | +0.4% | +3.4% | -0.2% | ACCUMULATE | 54/100 |
| Alexandria | $670K | +1.2% | +2.4% | +0.4% | ACCUMULATE | 54/100 |
| Manassas | $553K | +0.9% | +3.9% | -0.1% | ACCUMULATE | 54/100 |
| Springfield | $705K | +1.6% | +3.0% | +0.3% | ACCUMULATE | 54/100 |
| Centreville | $622K | +0.9% | +3.7% | -0.0% | ACCUMULATE | 54/100 |
| Mechanicsville | $446K | +2.9% | +5.2% | +1.2% | ACCUMULATE | 54/100 |
| Burke | $728K | +1.6% | +3.4% | +0.5% | ACCUMULATE | 54/100 |
| Salem | $312K | +3.8% | +5.8% | +0.8% | ACCUMULATE | 54/100 |
| Mount Vernon | $586K | +1.1% | +3.1% | +0.1% | ACCUMULATE | 54/100 |
| Dumfries | $591K | +0.9% | +3.4% | -0.3% | ACCUMULATE | 54/100 |
| Forest | $415K | +2.0% | +4.7% | -0.0% | ACCUMULATE | 54/100 |
| Ashland | $470K | +4.1% | +5.1% | +1.9% | ACCUMULATE | 54/100 |
| Falls Church | $780K | +1.7% | +3.2% | +0.5% | ACCUMULATE | 53/100 |
| Herndon | $730K | +1.1% | +3.1% | +0.2% | ACCUMULATE | 53/100 |
| Winchester | $402K | +1.0% | +3.9% | -0.4% | ACCUMULATE | 53/100 |
| Annandale | $755K | +2.1% | +3.0% | +0.6% | ACCUMULATE | 53/100 |
| Lorton | $653K | +1.3% | +3.2% | +0.2% | ACCUMULATE | 53/100 |
| Radford | $271K | +3.0% | +3.3% | +0.6% | ACCUMULATE | 53/100 |
| Rocky Mount | $278K | +4.9% | +6.8% | +1.6% | ACCUMULATE | 53/100 |
| Oakton | $1.11M | +3.5% | +3.5% | +1.4% | ACCUMULATE | 53/100 |
| Fairfax | $785K | +1.7% | +3.5% | +0.5% | ACCUMULATE | 52/100 |
| Harrisonburg | $356K | +2.9% | +3.8% | +0.6% | ACCUMULATE | 52/100 |
| Vienna | $1.18M | +3.0% | +4.0% | +1.5% | ACCUMULATE | 52/100 |
| Reston | $628K | +0.7% | +3.2% | +0.3% | ACCUMULATE | 52/100 |
| McLean | $1.48M | +3.5% | +4.8% | +1.5% | ACCUMULATE | 52/100 |
| Waynesboro | $317K | +2.7% | +4.4% | -0.3% | ACCUMULATE | 52/100 |
| Charlottesville | $516K | +1.0% | +4.1% | -0.1% | ACCUMULATE | 51/100 |
| Powhatan | $486K | +2.8% | +4.6% | +1.0% | ACCUMULATE | 51/100 |
| Bedford | $291K | +7.7% | +5.8% | +1.2% | ACCUMULATE | 51/100 |
| Christiansburg | $305K | +2.2% | +4.5% | -1.0% | WAIT | 49/100 |
| Blacksburg | $415K | +1.6% | +3.1% | -1.6% | WAIT | 47/100 |
| Martinsville | $131K | -5.1% | +4.3% | -3.1% | WAIT | 45/100 |
| Danville | $156K | -0.6% | +6.5% | -2.3% | WAIT | 44/100 |
| Bristol | $203K | -1.5% | +6.1% | -2.6% | WAIT | 44/100 |
| Farmville | $269K | +7.4% | +4.3% | -0.3% | WAIT | 43/100 |
Frequently asked questions
Is now a good time to buy a home in Virginia?
As of Aug 2026, our buy-timing signal for Virginia is ACCUMULATE — prices are near fair value with a modest expected change (+0.8% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Feb 2027. Buy-timing score: 56/100.
Will home prices in Virginia go down in 2027?
The model projects +0.8% over the next 12 months: about $420K by Aug 2027, with an 80% range of $413K–$426K (today $416K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Virginia?
The typical (mid-tier) home value in Virginia is $416K as of Aug 2026, +2.2% year over year.
What is the cheapest time of year to buy in Virginia?
Historically, prices in Virginia run lowest in February, about 1.3% below the annual average, and highest in July.
Which areas in Virginia have the best buy-timing right now?
Highest buy-timing scores: Hampton (67/100, BUY), Portsmouth (61/100, ACCUMULATE) and Petersburg (60/100, WAIT). Fastest-rising prices: Bedford (+7.7%), Farmville (+7.4%) and Rocky Mount (+4.9%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.