Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$241,906+7.3% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 0% have cut their price
Income needed to buy, per year$52,440About 0.7× the local median income ($72,014): affordable for a typical household
Days on market101 daysAbout the same pace as a year ago
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Craig County, VA is worth $241,906, up 7.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $240,494, so the area is 0.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 101 days to sell, listings are up 109% from a year ago, 0% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $52,440 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 $72,014. In the latest IRS figures, 6 more people moved out than in.
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
$241,906
Change in 1 year
+7.3%
Overvalued %
+0.6%
Show 7 more
Fair home value
$240,494
Change in 5 years
+22.2%
Zillow forecast, next 12 months
+2.8%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,311
Income needed to afford it
$52,440
Property tax rate
0.56%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,464
Market activity
Listings vs a year ago
+109.1%
Days on market
101
Listings with a price cut
0.0%
Show 3 more
Homes for sale
23
Pending sales per 100 listings
17
Asking price per sq ft
$199
People and jobs
Median household income
$72,014
Population change (1 year)
−0.5%
Unemployment rate
2.2%
Show 4 more
Population
4,800
Income adjusted for cost of living
$76,938
Net moves in (IRS)
−6
Cost of living (US = 100)
93.6
Schools, risk and environment
School rating (1 to 10)
3.0
FEMA hazard risk score (0 to 100)
6.2
Flood risk score
26.2
Show 3 more
Wildfire risk score
8.7
Walkability (1 to 20)
4.8
Road, rail and air noise
54 dB
Questions people ask
Is Craig County, VA overvalued?
Home prices in Craig County, VA are slightly above what local incomes have historically supported: fair value is about $240,494, so the area is 0.6% overvalued.
Is Craig County, VA a buyer's or seller's market?
Craig County, VA is a balanced market, leaning toward buyers: homes take about 101 days to sell, listings are up 109% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Craig County, VA?
Home values in Craig County, VA are up 7.3% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Craig County, VA?
A household needs about $52,440 a year to afford the typical home in Craig County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,014.