Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$397,428+5.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$86,154About 1.2× the local median income ($69,909): a stretch for a typical household
Days on market89 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lancaster County, VA is worth $397,428, up 5.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $396,917, so the area is 0.1% overvalued. It is a balanced market: homes take about 89 days to sell, listings are up 43% from a year ago, 15% of listings have had a price cut. A household needs about $86,154 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 $69,909. In the latest IRS figures, 221 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
$397,428
Change in 1 year
+5.6%
Overvalued %
+0.1%
Show 6 more
Fair home value
$396,917
Change in 5 years
+28.4%
Home value to income
5.7×
Monthly mortgage payment (20% down)
$2,154
Income needed to afford it
$86,154
Property tax rate
0.48%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,091
Market activity
Listings vs a year ago
+42.9%
Days on market
89
Listings with a price cut
15.3%
Show 3 more
Homes for sale
120
Pending sales per 100 listings
26
Asking price per sq ft
$250
People and jobs
Median household income
$69,909
Population change (1 year)
+0.2%
Unemployment rate
9.6%
Show 4 more
Population
10,995
Income adjusted for cost of living
$79,083
Net moves in (IRS)
+221
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)
32.3
Flood risk score
60.6
Show 3 more
Wildfire risk score
18.4
Walkability (1 to 20)
6.0
Road, rail and air noise
54 dB
Questions people ask
Is Lancaster County, VA overvalued?
Home prices in Lancaster County, VA are slightly above what local incomes have historically supported: fair value is about $396,917, so the area is 0.1% overvalued.
Is Lancaster County, VA a buyer's or seller's market?
Lancaster County, VA is a balanced market: homes take about 89 days to sell, listings are up 43% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Lancaster County, VA?
Home values in Lancaster County, VA are up 5.6% over the last year.
How much do you need to earn to buy a home in Lancaster County, VA?
A household needs about $86,154 a year to afford the typical home in Lancaster County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,909.