Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$262,078+1.9% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$56,813About 0.9× the local median income ($66,607): affordable for a typical household
Days on market50 daysFaster than a year ago: sellers have the edge
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Amherst County, VA is worth $262,078, up 1.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $245,488, so the area is 6.8% overvalued. It is a balanced market: homes take about 50 days to sell, listings are up 41% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $56,813 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,607. Typical rent is $996 a month, or $1,257 for a house. In the latest IRS figures, 199 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$262,078
Change in 1 year
+1.9%
Overvalued %
+6.8%
Show 7 more
Fair home value
$245,488
Change in 5 years
+26.3%
Zillow forecast, next 12 months
+2.7%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,420
Income needed to afford it
$56,813
Property tax rate
0.46%
Rent and investing
Typical rent
$996
Typical rent for houses
$1,257
Price-to-rent ratio
21.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,117
Gross rental yield
4.56%
Cap rate (estimate)
2.97%
Market activity
Listings vs a year ago
+41.3%
Days on market
50
Listings with a price cut
20.0%
Show 3 more
Homes for sale
106
Pending sales per 100 listings
43
Asking price per sq ft
$200
People and jobs
Median household income
$66,607
Population change (1 year)
+1.0%
Unemployment rate
4.7%
Show 4 more
Population
31,962
Income adjusted for cost of living
$74,504
Net moves in (IRS)
+199
Cost of living (US = 100)
89.4
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
21.0
Flood risk score
41.6
Show 3 more
Wildfire risk score
45.1
Walkability (1 to 20)
5.9
Road, rail and air noise
54 dB
Questions people ask
Is Amherst County, VA overvalued?
Home prices in Amherst County, VA are slightly above what local incomes have historically supported: fair value is about $245,488, so the area is 6.8% overvalued.
Is Amherst County, VA a buyer's or seller's market?
Amherst County, VA is a balanced market: homes take about 50 days to sell, listings are up 41% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Amherst County, VA?
Home values in Amherst County, VA are up 1.9% over the last year. Zillow's forecast for the next 12 months is +2.7%.
How much do you need to earn to buy a home in Amherst County, VA?
A household needs about $56,813 a year to afford the typical home in Amherst County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,607.