Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$447,882+3.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$97,092About 0.8× the local median income ($126,545): affordable for a typical household
Days on market50 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in New Kent County, VA is worth $447,882, up 3.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $446,823, so the area is 0.2% overvalued. It is a balanced market: homes take about 50 days to sell, listings are up 18% from a year ago, 12% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $97,092 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 $126,545. In the latest IRS figures, 941 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
$447,882
Change in 1 year
+3.6%
Overvalued %
+0.2%
Show 7 more
Fair home value
$446,823
Change in 5 years
+26.7%
Zillow forecast, next 12 months
+2.4%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$2,427
Income needed to afford it
$97,092
Property tax rate
0.64%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,651
Market activity
Listings vs a year ago
+18.5%
Days on market
50
Listings with a price cut
11.6%
Show 3 more
Homes for sale
192
Pending sales per 100 listings
55
Asking price per sq ft
$224
People and jobs
Median household income
$126,545
Population change (1 year)
+3.0%
Unemployment rate
2.3%
Show 4 more
Population
28,022
Income adjusted for cost of living
$129,259
Net moves in (IRS)
+941
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
7.2
FEMA hazard risk score (0 to 100)
14.1
Flood risk score
52.8
Show 3 more
Wildfire risk score
27.3
Walkability (1 to 20)
5.7
Road, rail and air noise
56 dB
Questions people ask
Is New Kent County, VA overvalued?
Home prices in New Kent County, VA are slightly above what local incomes have historically supported: fair value is about $446,823, so the area is 0.2% overvalued.
Is New Kent County, VA a buyer's or seller's market?
New Kent County, VA is a balanced market: homes take about 50 days to sell, listings are up 18% from a year ago, 12% of listings have had a price cut.
Are home prices going down in New Kent County, VA?
Home values in New Kent County, VA are up 3.6% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in New Kent County, VA?
A household needs about $97,092 a year to afford the typical home in New Kent County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $126,545.