Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$383,688+2.2% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$83,175About 0.9× the local median income ($93,107): affordable for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Isle of Wight County, VA is worth $383,688, up 2.2% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $390,452, so the area is 1.7% undervalued. It is a buyer's market: homes take about 57 days to sell, listings are up 52% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $83,175 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 $93,107. Typical rent is $2,128 a month, or $2,601 for a house. In the latest IRS figures, 348 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
$383,688
Change in 1 year
+2.2%
Overvalued %
−1.7%
Show 7 more
Fair home value
$390,452
Change in 5 years
+15.0%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$2,079
Income needed to afford it
$83,175
Property tax rate
0.70%
Rent and investing
Typical rent
$2,128
Typical rent for houses
$2,601
Price-to-rent ratio
15.0×
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HUD Fair Market Rent, 2 bedrooms
$1,667
Gross rental yield
6.66%
Cap rate (estimate)
4.33%
Market activity
Listings vs a year ago
+52.4%
Days on market
57
Listings with a price cut
19.9%
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Homes for sale
192
Pending sales per 100 listings
2
Asking price per sq ft
$214
People and jobs
Median household income
$93,107
Population change (1 year)
+1.1%
Unemployment rate
3.9%
Show 4 more
Population
41,321
Income adjusted for cost of living
$95,104
Net moves in (IRS)
+348
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
37.9
Flood risk score
61.8
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Wildfire risk score
48.4
Walkability (1 to 20)
5.7
Road, rail and air noise
54 dB
Questions people ask
Is Isle of Wight County, VA overvalued?
Home prices in Isle of Wight County, VA are slightly below what local incomes have historically supported: fair value is about $390,452, so the area is 1.7% undervalued.
Is Isle of Wight County, VA a buyer's or seller's market?
Isle of Wight County, VA is a buyer's market: homes take about 57 days to sell, listings are up 52% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Isle of Wight County, VA?
Home values in Isle of Wight County, VA are up 2.2% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Isle of Wight County, VA?
A household needs about $83,175 a year to afford the typical home in Isle of Wight County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,107.