Market Overview
Home Prices in Virginia, MN
The median home value in Virginia, MN is $137,052 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Virginia are priced67% below average. Virginia is part of the Duluth, MN-WI metro area.
Over the past five years, Virginia home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Virginia Home Price Trend
City Comparison
Virginia vs. National Median
At $137,052, homes in Virginia cost 67% below the national median of $410,000. This makes Virginia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Virginia?
20% Down Payment
$27,410
on $137,052
Monthly P&I
$715/mo
30-yr @ 6.8%
Total Monthly Est.
~$908/mo
incl. taxes & insurance
Income Needed
$36,320
gross annual (30% rule)
10% Down Option
$13,705
+ PMI applies
Loan Amount (20% dn)
$109,642
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 Virginia, MN?
The median home value in Virginia is $137,052 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Virginia?
Over the past year, home values in Virginia have increased by 6.9%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Virginia?
To comfortably afford the median home price of $137,052 with a 20% down payment ($27,410) at today's rates (6.8%), you'd need a gross annual income of approximately $36,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Virginia compare to the national average home price?
The national median home value is approximately $410,000. At $137,052, homes in Virginia are 67% below the national average.
What metro area is Virginia part of?
Virginia is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.