Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$420,931+4.4% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 10% have cut their price
Income needed to buy, per year$91,249About 1.1× the local median income ($83,686): a stretch for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
The typical home in Madison County, VA is worth $420,931, up 4.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $403,456, so the area is 4.3% overvalued. It is a seller's market: homes take about 54 days to sell, listings are down 4% from a year ago, 10% of listings have had a price cut. A household needs about $91,249 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 $83,686. In the latest IRS figures, 120 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
$420,931
Change in 1 year
+4.4%
Overvalued %
+4.3%
Show 6 more
Fair home value
$403,456
Change in 5 years
+25.3%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$2,281
Income needed to afford it
$91,249
Property tax rate
0.53%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,133
Market activity
Listings vs a year ago
−4.5%
Days on market
54
Listings with a price cut
10.5%
Show 3 more
Homes for sale
42
Pending sales per 100 listings
38
Asking price per sq ft
$323
People and jobs
Median household income
$83,686
Population change (1 year)
+0.1%
Unemployment rate
4.3%
Show 4 more
Population
14,237
Income adjusted for cost of living
$94,667
Net moves in (IRS)
+120
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
4.7
FEMA hazard risk score (0 to 100)
8.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
19.5
Wildfire risk score
39.8
Walkability (1 to 20)
4.8
Road, rail and air noise
55 dB
Questions people ask
Is Madison County, VA overvalued?
Home prices in Madison County, VA are slightly above what local incomes have historically supported: fair value is about $403,456, so the area is 4.3% overvalued.
Is Madison County, VA a buyer's or seller's market?
Madison County, VA is a seller's market: homes take about 54 days to sell, listings are down 4% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Madison County, VA?
Home values in Madison County, VA are up 4.4% over the last year.
How much do you need to earn to buy a home in Madison County, VA?
A household needs about $91,249 a year to afford the typical home in Madison County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,686.