Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$151,757+6.1% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 42% have cut their price
Income needed to buy, per year$32,898About 0.7× the local median income ($48,306): affordable for a typical household
Days on market36 daysFaster than a year ago: sellers have the edge
The typical home in Emporia City, VA is worth $151,757, up 6.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $121,563, so the area is 24.8% overvalued. It is a buyer's market: homes take about 36 days to sell, listings are up 40% from a year ago, 42% of listings have had a price cut. A household needs about $32,898 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 $48,306. In the latest IRS figures, 12 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
$151,757
Change in 1 year
+6.1%
Overvalued %
+24.8%
Show 6 more
Fair home value
$121,563
Change in 5 years
+54.1%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$822
Income needed to afford it
$32,898
Property tax rate
0.79%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,018
Market activity
Listings vs a year ago
+40.0%
Days on market
36
Listings with a price cut
41.7%
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Homes for sale
21
Pending sales per 100 listings
24
Asking price per sq ft
$138
People and jobs
Median household income
$48,306
Population change (1 year)
+0.7%
Unemployment rate
3.0%
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Population
5,447
Income adjusted for cost of living
$54,645
Net moves in (IRS)
−12
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
2.0
FEMA hazard risk score (0 to 100)
5.0
Flood risk score
13.5
Show 3 more
Wildfire risk score
0.9
Walkability (1 to 20)
7.8
Road, rail and air noise
55 dB
Questions people ask
Is Emporia City, VA overvalued?
Home prices in Emporia City, VA are well above what local incomes have historically supported: fair value is about $121,563, so the area is 24.8% overvalued.
Is Emporia City, VA a buyer's or seller's market?
Emporia City, VA is a buyer's market: homes take about 36 days to sell, listings are up 40% from a year ago, 42% of listings have had a price cut.
Are home prices going down in Emporia City, VA?
Home values in Emporia City, VA are up 6.1% over the last year.
How much do you need to earn to buy a home in Emporia City, VA?
A household needs about $32,898 a year to afford the typical home in Emporia City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $48,306.