Virginia Affordability
How affordable is Virginia real estate?
Public Record + Census ACS
Median Home Price
$544.1K
Median Household Income
$87,249
Affordability Index
6.24
vs National Avg
-8.5%
Cities in Virginia by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Lynchburg | $210.8K | 2.42 |
| 2 | Petersburg | $234.8K | 2.69 |
| 3 | Hampton | $296.8K | 3.40 |
| 4 | Norfolk | $303.5K | 3.48 |
| 5 | Roanoke | $323.5K | 3.71 |
| 6 | Suffolk | $342.7K | 3.93 |
| 7 | Newport News | $353.5K | 4.05 |
| 8 | Winchester | $414.5K | 4.75 |
| 9 | Culpeper | $419.3K | 4.81 |
| 10 | Staunton | $424.7K | 4.87 |
| 11 | Chesapeake | $466.7K | 5.35 |
| 12 | Midlothian | $467.5K | 5.36 |
| 13 | Richmond | $505.9K | 5.80 |
| 14 | Chesterfield | $505.8K | 5.80 |
| 15 | Woodbridge | $507.6K | 5.82 |
| 16 | Virginia Beach | $514.9K | 5.90 |
| 17 | Williamsburg | $534.2K | 6.12 |
| 18 | Charlottesville | $541.8K | 6.21 |
| 19 | Fredericksburg | $568.6K | 6.52 |
| 20 | Henrico | $622.3K | 7.13 |
| 21 | Mechanicsville | $625.4K | 7.17 |
| 22 | Manassas | $631.9K | 7.24 |
| 23 | Stafford | $675.2K | 7.74 |
| 24 | Springfield | $699.8K | 8.02 |
| 25 | McLean | $758.2K | 8.69 |
| 26 | Fairfax | $864.9K | 9.91 |
| 27 | Arlington | $870K | 9.97 |
| 28 | Alexandria | $883.6K | 10.13 |
| 29 | Ashburn | $935.6K | 10.72 |
| 30 | Falls Church | $1.1M | 12.63 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.