Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$130,808−4.7% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$28,356About 0.6× the local median income ($47,508): affordable for a typical household
Days on market112 daysSlower than a year ago: buyers have time to negotiate
The typical home in Norton City, VA is worth $130,808, down 4.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $134,354, so the area is 2.6% undervalued. It is a buyer's market: homes take about 112 days to sell, listings are up 50% from a year ago, 22% of listings have had a price cut. A household needs about $28,356 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 $47,508. In the latest IRS figures, 46 more people moved out than in.
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
$130,808
Change in 1 year
−4.7%
Overvalued %
−2.6%
Show 6 more
Fair home value
$134,354
Change in 5 years
+20.4%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$709
Income needed to afford it
$28,356
Property tax rate
0.73%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$943
Market activity
Listings vs a year ago
+50.0%
Days on market
112
Listings with a price cut
22.2%
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Homes for sale
12
Pending sales per 100 listings
17
Asking price per sq ft
$79
People and jobs
Median household income
$47,508
Population change (1 year)
−1.1%
Unemployment rate
3.8%
Show 4 more
Population
3,477
Income adjusted for cost of living
$53,742
Net moves in (IRS)
−46
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
1.6
Flood risk score
7.3
Show 3 more
Wildfire risk score
23.6
Walkability (1 to 20)
9.2
Road, rail and air noise
53 dB
Questions people ask
Is Norton City, VA overvalued?
Home prices in Norton City, VA are slightly below what local incomes have historically supported: fair value is about $134,354, so the area is 2.6% undervalued.
Is Norton City, VA a buyer's or seller's market?
Norton City, VA is a buyer's market: homes take about 112 days to sell, listings are up 50% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Norton City, VA?
Home values in Norton City, VA are down 4.7% over the last year.
How much do you need to earn to buy a home in Norton City, VA?
A household needs about $28,356 a year to afford the typical home in Norton City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,508.