Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$244,569+7.3% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$53,017About 0.9× the local median income ($58,299): affordable for a typical household
Days on market89 daysSlower than a year ago: buyers have time to negotiate
The typical home in Prince Edward County, VA is worth $244,569, up 7.3% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $252,119, so the area is 3.0% undervalued. It is a balanced market, leaning toward sellers: homes take about 89 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut. A household needs about $53,017 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 $58,299. In the latest IRS figures, 160 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
$244,569
Change in 1 year
+7.3%
Overvalued %
−3.0%
Show 6 more
Fair home value
$252,119
Change in 5 years
+14.6%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,325
Income needed to afford it
$53,017
Property tax rate
0.42%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,126
Market activity
Listings vs a year ago
+21.7%
Days on market
89
Listings with a price cut
19.7%
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Homes for sale
84
Pending sales per 100 listings
51
Asking price per sq ft
$191
People and jobs
Median household income
$58,299
Population change (1 year)
+0.3%
Unemployment rate
1.5%
Show 4 more
Population
22,391
Income adjusted for cost of living
$65,949
Net moves in (IRS)
+160
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
1.4
FEMA hazard risk score (0 to 100)
32.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
25.3
Wildfire risk score
12.8
Walkability (1 to 20)
5.8
Road, rail and air noise
54 dB
Questions people ask
Is Prince Edward County, VA overvalued?
Home prices in Prince Edward County, VA are slightly below what local incomes have historically supported: fair value is about $252,119, so the area is 3.0% undervalued.
Is Prince Edward County, VA a buyer's or seller's market?
Prince Edward County, VA is a balanced market, leaning toward sellers: homes take about 89 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Prince Edward County, VA?
Home values in Prince Edward County, VA are up 7.3% over the last year.
How much do you need to earn to buy a home in Prince Edward County, VA?
A household needs about $53,017 a year to afford the typical home in Prince Edward County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,299.