Virginia Mortgage Rates & Home Prices (2026)
Median price: $395,000 · Avg. rate: 6.82%
Virginia Market Overview
$395,000
Median Home Price
6.82%
Avg. 30-Yr Rate
0.82%
Property Tax Rate
67.2%
Homeownership Rate
Virginia's housing market is driven by Northern Virginia's proximity to Washington DC. Hampton Roads and Richmond offer more affordable alternatives. Virginia Housing provides a free closing cost assistance grant and competitive rates for qualifying buyers.
Estimated Monthly Payment
Median home in Virginia (20% down, 30-yr fixed)
$2,499/mo
Principal & Interest$2,064
Property Taxes$270
Home Insurance (est.)$165
Total Monthly (PITI)$2,499
Based on a $395,000 home with 20% down ($316,000 loan) at 6.82%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Virginia
- Virginia Housing Conventional
- Virginia Housing Plus Second Mortgage
- Closing Cost Assistance Grant
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: VA Rates
30-Year Fixed6.82%
15-Year Fixed6.04%
5/1 ARM (est.)6.07%
FHA 30-Year6.67%
VA 30-Year6.57%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: VA
FHA Loan Limit$726,200
Median Income$87,249
Cost Index1.10x