Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$350,368+2.6% YoY · prices are rising
Market right nowBalanced, leaning sellersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$75,952About 1.0× the local median income ($75,273): a stretch for a typical household
Days on market51 daysFaster than a year ago: sellers have the edge
Next 12 months+3.2%Zillow expects prices to rise slightly
The typical home in Harrisonburg, VA is worth $350,368, up 2.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $342,230, so the area is 2.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 51 days to sell, listings are up 8% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 3.2% over the next year. A household needs about $75,952 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 $75,273. Typical rent is $1,691 a month, or $1,820 for a house. In the latest IRS figures, 219 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
$350,368
Change in 1 year
+2.6%
Overvalued %
+2.4%
Show 7 more
Fair home value
$342,230
Change in 5 years
+25.6%
Zillow forecast, next 12 months
+3.2%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,899
Income needed to afford it
$75,952
Property tax rate
0.57%
Rent and investing
Typical rent
$1,691
Typical rent for houses
$1,820
Price-to-rent ratio
17.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,264
Gross rental yield
5.79%
Cap rate (estimate)
3.76%
Market activity
Listings vs a year ago
+7.9%
Days on market
51
Listings with a price cut
16.7%
Show 3 more
Homes for sale
245
Pending sales per 100 listings
71
Asking price per sq ft
$209
People and jobs
Median household income
$75,273
Population change (1 year)
+0.8%
Unemployment rate
4.3%
Show 4 more
Population
140,155
Income adjusted for cost of living
$79,318
Net moves in (IRS)
+219
Cost of living (US = 100)
94.9
Schools, risk and environment
School rating (1 to 10)
4.3
FEMA hazard risk score (0 to 100)
57.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
69.9
Wildfire risk score
44.9
Walkability (1 to 20)
8.7
Road, rail and air noise
54 dB
Questions people ask
Is Harrisonburg, VA overvalued?
Home prices in Harrisonburg, VA are slightly above what local incomes have historically supported: fair value is about $342,230, so the area is 2.4% overvalued.
Is Harrisonburg, VA a buyer's or seller's market?
Harrisonburg, VA is a balanced market, leaning toward sellers: homes take about 51 days to sell, listings are up 8% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Harrisonburg, VA?
Home values in Harrisonburg, VA are up 2.6% over the last year. Zillow's forecast for the next 12 months is +3.2%.
How much do you need to earn to buy a home in Harrisonburg, VA?
A household needs about $75,952 a year to afford the typical home in Harrisonburg, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,273.