Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$359,075+3.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$77,840About 1.0× the local median income ($77,152): a stretch for a typical household
Days on market44 daysAbout the same pace as a year ago
The typical home in Caroline County, VA is worth $359,075, up 3.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $273,595, so the area is 31.2% overvalued. It is a balanced market: homes take about 44 days to sell, listings are up 79% from a year ago, 18% of listings have had a price cut. A household needs about $77,840 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 $77,152. Typical rent is $2,173 a month. In the latest IRS figures, 596 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
$359,075
Change in 1 year
+3.6%
Overvalued %
+31.2%
Show 6 more
Fair home value
$273,595
Change in 5 years
+24.4%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,946
Income needed to afford it
$77,840
Property tax rate
0.52%
Rent and investing
Typical rent
$2,173
Price-to-rent ratio
13.8×
HUD Fair Market Rent, 2 bedrooms
$1,244
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Gross rental yield
7.26%
Cap rate (estimate)
4.72%
Market activity
Listings vs a year ago
+78.8%
Days on market
44
Listings with a price cut
18.4%
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Homes for sale
177
Pending sales per 100 listings
51
Asking price per sq ft
$238
People and jobs
Median household income
$77,152
Population change (1 year)
+2.5%
Unemployment rate
5.3%
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Population
34,413
Income adjusted for cost of living
$87,276
Net moves in (IRS)
+596
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
4.2
FEMA hazard risk score (0 to 100)
20.7
Unhealthy air days a year
0
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Flood risk score
26.8
Wildfire risk score
19.4
Walkability (1 to 20)
4.7
Road, rail and air noise
54 dB
Questions people ask
Is Caroline County, VA overvalued?
Home prices in Caroline County, VA are well above what local incomes have historically supported: fair value is about $273,595, so the area is 31.2% overvalued.
Is Caroline County, VA a buyer's or seller's market?
Caroline County, VA is a balanced market: homes take about 44 days to sell, listings are up 79% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Caroline County, VA?
Home values in Caroline County, VA are up 3.6% over the last year.
How much do you need to earn to buy a home in Caroline County, VA?
A household needs about $77,840 a year to afford the typical home in Caroline County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,152.