Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$327,726+3.0% YoY · prices are rising
Market right nowSeller's marketFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$71,044About 1.1× the local median income ($63,973): a stretch for a typical household
Days on market41 daysFaster than a year ago: sellers have the edge
Next 12 months+3.2%Zillow expects prices to rise slightly
The typical home in Harrisonburg City, VA is worth $327,726, up 3.0% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $343,699, so the area is 4.6% undervalued. It is a seller's market: homes take about 41 days to sell, listings are down 12% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 3.2% over the next year. A household needs about $71,044 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 $63,973. Typical rent is $1,611 a month, or $1,733 for a house. In the latest IRS figures, 747 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
$327,726
Change in 1 year
+3.0%
Overvalued %
−4.6%
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Fair home value
$343,699
Change in 5 years
+20.4%
Zillow forecast, next 12 months
+3.2%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$1,776
Income needed to afford it
$71,044
Property tax rate
0.76%
Rent and investing
Typical rent
$1,611
Typical rent for houses
$1,733
Price-to-rent ratio
17.0×
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HUD Fair Market Rent, 2 bedrooms
$1,264
Gross rental yield
5.90%
Cap rate (estimate)
3.83%
Market activity
Listings vs a year ago
−11.5%
Days on market
41
Listings with a price cut
13.7%
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Homes for sale
46
Pending sales per 100 listings
109
Asking price per sq ft
$207
People and jobs
Median household income
$63,973
Population change (1 year)
+0.1%
Unemployment rate
6.9%
Show 4 more
Population
50,839
Income adjusted for cost of living
$67,411
Net moves in (IRS)
−747
Cost of living (US = 100)
94.9
Schools, risk and environment
School rating (1 to 10)
2.1
FEMA hazard risk score (0 to 100)
26.6
Flood risk score
44.2
Show 3 more
Wildfire risk score
10.6
Walkability (1 to 20)
14.9
Road, rail and air noise
53 dB
Questions people ask
Is Harrisonburg City, VA overvalued?
Home prices in Harrisonburg City, VA are slightly below what local incomes have historically supported: fair value is about $343,699, so the area is 4.6% undervalued.
Is Harrisonburg City, VA a buyer's or seller's market?
Harrisonburg City, VA is a seller's market: homes take about 41 days to sell, listings are down 12% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Harrisonburg City, VA?
Home values in Harrisonburg City, VA are up 3.0% over the last year. Zillow's forecast for the next 12 months is +3.2%.
How much do you need to earn to buy a home in Harrisonburg City, VA?
A household needs about $71,044 a year to afford the typical home in Harrisonburg City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,973.