Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$299,161+5.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$64,852About 1.1× the local median income ($61,311): a stretch for a typical household
Days on market46 daysAbout the same pace as a year ago
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in King and Queen County, VA is worth $299,161, up 5.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $235,569, so the area is 27.0% overvalued. It is a balanced market: homes take about 46 days to sell, listings are up 71% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $64,852 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 $61,311. In the latest IRS figures, 84 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
$299,161
Change in 1 year
+5.6%
Overvalued %
+27.0%
Show 7 more
Fair home value
$235,569
Change in 5 years
+35.2%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$1,621
Income needed to afford it
$64,852
Property tax rate
0.52%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,170
Market activity
Listings vs a year ago
+70.6%
Days on market
46
Listings with a price cut
22.6%
Show 3 more
Homes for sale
29
Pending sales per 100 listings
59
Asking price per sq ft
$283
People and jobs
Median household income
$61,311
Population change (1 year)
+0.3%
Unemployment rate
5.2%
Show 4 more
Population
6,743
Income adjusted for cost of living
$62,626
Net moves in (IRS)
+84
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
16.2
Flood risk score
51.6
Show 3 more
Wildfire risk score
17.6
Walkability (1 to 20)
4.2
Road, rail and air noise
54 dB
Questions people ask
Is King and Queen County, VA overvalued?
Home prices in King and Queen County, VA are well above what local incomes have historically supported: fair value is about $235,569, so the area is 27.0% overvalued.
Is King and Queen County, VA a buyer's or seller's market?
King and Queen County, VA is a balanced market: homes take about 46 days to sell, listings are up 71% from a year ago, 23% of listings have had a price cut.
Are home prices going down in King and Queen County, VA?
Home values in King and Queen County, VA are up 5.6% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in King and Queen County, VA?
A household needs about $64,852 a year to afford the typical home in King and Queen County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,311.