Market Overview
Home Prices in New Virginia, IA
The median home value in New Virginia, IA is $359,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Virginia are priced12% below average. New Virginia is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, New Virginia home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
New Virginia Home Price Trend
City Comparison
New Virginia vs. National Median
At $359,900, homes in New Virginia cost 12% below the national median of $410,000. This makes New Virginia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Virginia?
20% Down Payment
$71,980
on $359,900
Monthly P&I
$1,877/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,384/mo
incl. taxes & insurance
Income Needed
$95,360
gross annual (30% rule)
10% Down Option
$35,990
+ PMI applies
Loan Amount (20% dn)
$287,920
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Virginia, IA?
The median home value in New Virginia is $359,900 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in New Virginia?
Over the past year, home values in New Virginia have increased by 3.1%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in New Virginia?
To comfortably afford the median home price of $359,900 with a 20% down payment ($71,980) at today's rates (6.8%), you'd need a gross annual income of approximately $95,360. This assumes keeping total housing costs at or below 30% of gross income.
How does New Virginia compare to the national average home price?
The national median home value is approximately $410,000. At $359,900, homes in New Virginia are 12% below the national average.
What metro area is New Virginia part of?
New Virginia is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.