Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$349,114+1.5% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$75,681About 1.0× the local median income ($78,692): affordable for a typical household
Days on market68 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 Mathews County, VA is worth $349,114, up 1.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $357,993, so the area is 2.5% undervalued. It is a buyer's market: homes take about 68 days to sell, listings are up 17% from a year ago, 13% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $75,681 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 $78,692. In the latest IRS figures, 35 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
$349,114
Change in 1 year
+1.5%
Overvalued %
−2.5%
Show 7 more
Fair home value
$357,993
Change in 5 years
+17.2%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,892
Income needed to afford it
$75,681
Property tax rate
0.43%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,667
Market activity
Listings vs a year ago
+16.7%
Days on market
68
Listings with a price cut
12.6%
Show 3 more
Homes for sale
63
Pending sales per 100 listings
22
Asking price per sq ft
$225
People and jobs
Median household income
$78,692
Population change (1 year)
−0.7%
Unemployment rate
4.5%
Show 4 more
Population
8,529
Income adjusted for cost of living
$80,380
Net moves in (IRS)
+35
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
4.8
FEMA hazard risk score (0 to 100)
12.2
Flood risk score
80.0
Show 3 more
Wildfire risk score
40.1
Walkability (1 to 20)
5.3
Road, rail and air noise
53 dB
Questions people ask
Is Mathews County, VA overvalued?
Home prices in Mathews County, VA are slightly below what local incomes have historically supported: fair value is about $357,993, so the area is 2.5% undervalued.
Is Mathews County, VA a buyer's or seller's market?
Mathews County, VA is a buyer's market: homes take about 68 days to sell, listings are up 17% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Mathews County, VA?
Home values in Mathews County, VA are up 1.5% 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 Mathews County, VA?
A household needs about $75,681 a year to afford the typical home in Mathews County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,692.