Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$177,856−3.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$38,555About 0.7× the local median income ($51,498): affordable for a typical household
Days on market69 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Bristol City, VA is worth $177,856, down 3.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $165,607, so the area is 7.4% overvalued. It is a buyer's market: homes take about 69 days to sell, listings are up 13% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $38,555 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 $51,498. Typical rent is $1,382 a month, or $1,686 for a house. In the latest IRS figures, 69 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
$177,856
Change in 1 year
−3.0%
Overvalued %
+7.4%
Show 7 more
Fair home value
$165,607
Change in 5 years
+33.7%
Zillow forecast, next 12 months
+1.9%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$964
Income needed to afford it
$38,555
Property tax rate
0.75%
Rent and investing
Typical rent
$1,382
Typical rent for houses
$1,686
Price-to-rent ratio
10.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,091
Gross rental yield
9.33%
Cap rate (estimate)
6.06%
Market activity
Listings vs a year ago
+13.1%
Days on market
69
Listings with a price cut
26.3%
Show 3 more
Homes for sale
95
Pending sales per 100 listings
28
Asking price per sq ft
$151
People and jobs
Median household income
$51,498
Population change (1 year)
−0.2%
Unemployment rate
6.3%
Show 4 more
Population
16,418
Income adjusted for cost of living
$59,604
Net moves in (IRS)
+69
Cost of living (US = 100)
86.4
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
8.6
Unhealthy air days a year
0
Show 4 more
Flood risk score
23.1
Wildfire risk score
0.6
Walkability (1 to 20)
8.4
Road, rail and air noise
54 dB
Questions people ask
Is Bristol City, VA overvalued?
Home prices in Bristol City, VA are slightly above what local incomes have historically supported: fair value is about $165,607, so the area is 7.4% overvalued.
Is Bristol City, VA a buyer's or seller's market?
Bristol City, VA is a buyer's market: homes take about 69 days to sell, listings are up 13% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Bristol City, VA?
Home values in Bristol City, VA are down 3.0% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Bristol City, VA?
A household needs about $38,555 a year to afford the typical home in Bristol City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,498.