Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$494,273+2.7% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$107,148About 1.0× the local median income ($109,889): 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 Powhatan County, VA is worth $494,273, up 2.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $435,567, so the area is 13.5% overvalued. It is a buyer's market: homes take about 50 days to sell, listings are up 55% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $107,148 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 $109,889. Typical rent is $1,870 a month, or $2,457 for a house. In the latest IRS figures, 624 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
$494,273
Change in 1 year
+2.7%
Overvalued %
+13.5%
Show 7 more
Fair home value
$435,567
Change in 5 years
+25.3%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$2,679
Income needed to afford it
$107,148
Property tax rate
0.59%
Rent and investing
Typical rent
$1,870
Typical rent for houses
$2,457
Price-to-rent ratio
22.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,651
Gross rental yield
4.54%
Cap rate (estimate)
2.95%
Market activity
Listings vs a year ago
+55.3%
Days on market
50
Listings with a price cut
23.6%
Show 3 more
Homes for sale
132
Pending sales per 100 listings
39
Asking price per sq ft
$255
People and jobs
Median household income
$109,889
Population change (1 year)
+0.7%
Unemployment rate
3.6%
Show 4 more
Population
32,591
Income adjusted for cost of living
$112,246
Net moves in (IRS)
+624
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
21.1
Flood risk score
29.7
Show 3 more
Wildfire risk score
12.8
Walkability (1 to 20)
5.2
Road, rail and air noise
55 dB
Questions people ask
Is Powhatan County, VA overvalued?
Home prices in Powhatan County, VA are well above what local incomes have historically supported: fair value is about $435,567, so the area is 13.5% overvalued.
Is Powhatan County, VA a buyer's or seller's market?
Powhatan County, VA is a buyer's market: homes take about 50 days to sell, listings are up 55% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Powhatan County, VA?
Home values in Powhatan County, VA are up 2.7% 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 Powhatan County, VA?
A household needs about $107,148 a year to afford the typical home in Powhatan County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $109,889.