Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$209,597+3.6% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$45,436About 0.8× the local median income ($59,944): affordable for a typical household
Days on market96 daysSlower than a year ago: buyers have time to negotiate
The typical home in Mecklenburg County, VA is worth $209,597, up 3.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $195,245, so the area is 7.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 28% from a year ago, 13% of listings have had a price cut. A household needs about $45,436 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 $59,944. Typical rent is $1,567 a month. In the latest IRS figures, 231 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
$209,597
Change in 1 year
+3.6%
Overvalued %
+7.4%
Show 6 more
Fair home value
$195,245
Change in 5 years
+34.8%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,136
Income needed to afford it
$45,436
Property tax rate
0.45%
Rent and investing
Typical rent
$1,567
Price-to-rent ratio
11.1×
HUD Fair Market Rent, 2 bedrooms
$960
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Gross rental yield
8.97%
Cap rate (estimate)
5.83%
Market activity
Listings vs a year ago
+27.7%
Days on market
96
Listings with a price cut
12.7%
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Homes for sale
166
Pending sales per 100 listings
33
Asking price per sq ft
$220
People and jobs
Median household income
$59,944
Population change (1 year)
−0.2%
Unemployment rate
2.6%
Show 4 more
Population
30,747
Income adjusted for cost of living
$67,810
Net moves in (IRS)
+231
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
54.3
Flood risk score
56.6
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Wildfire risk score
24.3
Walkability (1 to 20)
5.9
Road, rail and air noise
55 dB
Questions people ask
Is Mecklenburg County, VA overvalued?
Home prices in Mecklenburg County, VA are slightly above what local incomes have historically supported: fair value is about $195,245, so the area is 7.4% overvalued.
Is Mecklenburg County, VA a buyer's or seller's market?
Mecklenburg County, VA is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 28% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Mecklenburg County, VA?
Home values in Mecklenburg County, VA are up 3.6% over the last year.
How much do you need to earn to buy a home in Mecklenburg County, VA?
A household needs about $45,436 a year to afford the typical home in Mecklenburg County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,944.