Housing Market in Virginia

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 7 cities.

Avg Home Price

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Monthly Mortgage

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vs. National

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below average

Cities Tracked

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Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$665,724

$418,508

$413,755

$361,133

$302,742

$287,123

$272,161

City	Median Price	Mortgage/mo	Rent vs Own
Alexandria	$665,724	$3,543	0.63
Virginia Beach	$418,508	$2,227	0.88
Chesapeake	$413,755	$2,202	0.91
Richmond	$361,133	$1,922	0.82
Norfolk	$302,742	$1,611	1.05
Newport News	$287,123	$1,528	1.04
Hampton	$272,161	$1,449	1.10

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.