Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$192,865+2.5% 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$41,809About 0.8× the local median income ($54,805): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
The typical home in Patrick County, VA is worth $192,865, up 2.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $216,822, so the area is 11.0% undervalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 1% from a year ago, 12% of listings have had a price cut. A household needs about $41,809 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 $54,805. In the latest IRS figures, 5 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
$192,865
Change in 1 year
+2.5%
Overvalued %
−11.0%
Show 6 more
Fair home value
$216,822
Change in 5 years
+7.1%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,045
Income needed to afford it
$41,809
Property tax rate
0.55%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$943
Market activity
Listings vs a year ago
+1.4%
Days on market
79
Listings with a price cut
12.0%
Show 3 more
Homes for sale
70
Pending sales per 100 listings
19
Asking price per sq ft
$197
People and jobs
Median household income
$54,805
Population change (1 year)
+0.2%
Unemployment rate
2.5%
Show 4 more
Population
17,424
Income adjusted for cost of living
$61,997
Net moves in (IRS)
+5
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
8.3
FEMA hazard risk score (0 to 100)
20.9
Flood risk score
42.3
Show 3 more
Wildfire risk score
22.3
Walkability (1 to 20)
4.3
Road, rail and air noise
54 dB
Questions people ask
Is Patrick County, VA overvalued?
Home prices in Patrick County, VA are well below what local incomes have historically supported: fair value is about $216,822, so the area is 11.0% undervalued.
Is Patrick County, VA a buyer's or seller's market?
Patrick County, VA is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 1% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Patrick County, VA?
Home values in Patrick County, VA are up 2.5% over the last year.
How much do you need to earn to buy a home in Patrick County, VA?
A household needs about $41,809 a year to afford the typical home in Patrick County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,805.