Virginia housing market: home prices by city and forecast
Virginia home prices: by the Zillow Home Value Index, a typical Virginia home was worth $412,252 in September 2026, +2.1% on a year earlier.
- Value of a typical home
- $412,252September 2026, Zillow ZHVI
- Change over 12 months
- +2.1%US +1.2%
- Change over 10 years
- +66.8%US +77.4%
- Since 2000: multiple
- ×3.31US ×2.99
- Ratio of home price to income
- 4.5, with a median income of $92,090.
Among 50 states and DC, ranked highest first, typical home value comes 19th. The 12-month change is 27th, growth since 2000 is 14th of 47, and price to income is 26th.
Virginia home prices since 2000
In January 2000 a typical Virginia home was worth $124,666; by September 2026 it had reached $412,252, its highest month on record at $412,252.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $127,988 | $138,602 | $151,831 | $168,320 | $195,164 | $236,678 | $265,858 | $265,206 | $247,069 | $227,358 |
| 2010s | $222,887 | $215,621 | $216,879 | $227,142 | $234,494 | $239,777 | $246,726 | $255,410 | $264,903 | $274,755 |
| 2020s | $290,523 | $326,588 | $359,336 | $373,652 | $392,905 | $403,398 |
Virginia home prices since 1975: the FHFA index
With 1975 = 100, FHFA's repeat-sales index shows Virginia at 1109 for 2025; during Q2 2026 it sat +3.8% higher than one year before.
In the Census of Housing, owner-reported values were $2,633 for Virginia in 1940 and, by 2000, $125,400.
| Census year | Virginia median value | US median value |
|---|---|---|
| 1940 | $2,633 | $2,938 |
| 1950 | $6,581 | $7,354 |
| 1960 | $10,800 | $11,900 |
| 1970 | $17,100 | $17,000 |
| 1980 | $48,000 | $47,200 |
| 1990 | $91,000 | $79,100 |
| 2000 | $125,400 | $119,600 |
No inflation adjustment is applied to these figures. See Census of Housing tables.
Home prices in Virginia by city
There are pages for 7 cities, ordered by size from largest:
| City | Value of a typical home | Change over 12 months | Since 2000: multiple |
|---|---|---|---|
| Virginia Beach | $424,785 | +3.1% | ×3.29 |
| Arlington, Virginia | $801,809 | +1.3% | ×3.94 |
| Richmond | $361,844 | +2.8% | ×3.69 |
| Norfolk | $310,673 | +1.5% | ×3.17 |
| Alexandria | $662,843 | +1.0% | ×3.50 |
| Roanoke | $277,549 | +2.3% | |
| Charlottesville | $511,398 | +1.1% | ×2.78 |
| Chesapeake | $424,217 | +3.6% | |
| Woodbridge | $496,663 | +0.3% | |
| Henrico | $405,474 | +1.9% | |
| Fredericksburg | $478,697 | +0.9% | |
| Newport News | $291,926 | +2.9% | |
| Fairfax | $774,572 | +1.4% | |
| Manassas | $547,070 | +0.8% | |
| Hampton | $279,178 | +2.5% |
Source: Zillow Home Value Index, September 2026.
Metro price forecasts for Virginia
Starting September 2026 for 5 Virginia metros, Zillow's 12-month forecasts range from +0.6% to +2.8%. These are Zillow forecasts.
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Virginia Beach, VA | +0.5% | +2.3% |
| Washington, DC | −0.3% | +0.6% |
| Richmond, VA | +0.7% | +2.4% |
| Roanoke, VA | +1.1% | +2.8% |
| Charlottesville, VA | +0.7% | +1.9% |
Zillow's estimate is not investment guidance.
Living costs in Virginia
BEA data put Virginia's price level at 101.1 (US 100), with housing at 106.8, goods at 100.4, utilities at 92.2, and other services at 100.2. Census ACS 2024 puts the median household income at $92,090 and median gross rent at $1,646 a month. It also reports that 67% of homes are owner-occupied, with 1985 as the median construction year.
For all states, see cost of living by state; city-level pages cover Virginia Beach, Arlington, Virginia, Richmond, Norfolk, Alexandria.
How to read this chart
The first chart shows dollar values and reaches its top of $412,252 in September 2026. An index is what the second chart shows: its Virginia line closes at 1109, putting prices there at 11.1 times their 1975 level. Both charts exclude inflation adjustments.