Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$362,239+3.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$78,526About 1.1× the local median income ($71,448): a stretch for a typical household
Days on market52 daysFaster than a year ago: sellers have the edge
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Nelson County, VA is worth $362,239, up 3.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $334,127, so the area is 8.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 31% from a year ago, 12% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $78,526 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 $71,448. In the latest IRS figures, 90 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
$362,239
Change in 1 year
+3.0%
Overvalued %
+8.4%
Show 7 more
Fair home value
$334,127
Change in 5 years
+26.9%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$1,963
Income needed to afford it
$78,526
Property tax rate
0.50%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,642
Market activity
Listings vs a year ago
+31.2%
Days on market
52
Listings with a price cut
11.7%
Show 3 more
Homes for sale
126
Pending sales per 100 listings
34
Asking price per sq ft
$266
People and jobs
Median household income
$71,448
Population change (1 year)
+0.7%
Unemployment rate
3.3%
Show 4 more
Population
14,920
Income adjusted for cost of living
$72,097
Net moves in (IRS)
+90
Cost of living (US = 100)
99.1
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
34.1
Flood risk score
58.2
Show 3 more
Wildfire risk score
46.7
Walkability (1 to 20)
5.2
Road, rail and air noise
54 dB
Questions people ask
Is Nelson County, VA overvalued?
Home prices in Nelson County, VA are slightly above what local incomes have historically supported: fair value is about $334,127, so the area is 8.4% overvalued.
Is Nelson County, VA a buyer's or seller's market?
Nelson County, VA is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 31% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Nelson County, VA?
Home values in Nelson County, VA are up 3.0% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Nelson County, VA?
A household needs about $78,526 a year to afford the typical home in Nelson County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,448.