The median home in Virginia was worth $403,500 in 2024, up 40% from $288,800 in 2019. Since then, the FHFA house price index for the state has moved +3.8% over the year to 2026 Q2, after averaging +8.7% a year from 2020 to 2025.
Metro areas
| Metro area | Past year (to 2026 Q2) | 2020–2025 average |
|---|---|---|
| Arlington-Alexandria-Reston, VA-WV | +2.6% | +7.3%/yr |
| Richmond, VA | +3.4% | +9.6%/yr |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | +3.6% | +8.7%/yr |
Home values in Virginia's largest cities
| City | 2019 | 2024 | Change |
|---|---|---|---|
| Virginia Beach, VA | $296,200 | $403,200 | +36% |
| Chesapeake, VA | $290,900 | $388,600 | +34% |
| Arlington, VA | $759,000 | $945,700 | +25% |
| Richmond, VA | $249,500 | $377,900 | +51% |
| Norfolk, VA | $218,000 | $311,200 | +43% |
| Newport News, VA | $186,600 | $283,200 | +52% |
| Alexandria, VA | $572,500 | $704,200 | +23% |
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024), median value of owner-occupied homes; FHFA all-transactions house price index for the state and for metro areas, through 2026 Q2. How Predictye calculates this.
Frequently asked questions
What is the median home value in Virginia?
$403,500 in 2024, from the Census Bureau's American Community Survey (owners' estimates).
Are home prices in Virginia going up or down?
The FHFA house price index for Virginia moved +3.8% over the year to 2026 Q2, after averaging +8.7% a year from 2020 to 2025.
How much have Virginia home values risen since 2019?
The median value rose from $288,800 in 2019 to $403,500 in 2024, +40%.