Market Overview
Home Prices in Broadway, VA
The median home value in Broadway, VA is $324,051 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Broadway are priced21% below average. Broadway is part of the Harrisonburg, VA metro area.
Over the past five years, Broadway home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
Broadway Home Price Trend
City Comparison
Broadway vs. National Median
At $324,051, homes in Broadway cost 21% below the national median of $410,000. This makes Broadway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Broadway?
20% Down Payment
$64,810
on $324,051
Monthly P&I
$1,690/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,146/mo
incl. taxes & insurance
Income Needed
$85,840
gross annual (30% rule)
10% Down Option
$32,405
+ PMI applies
Loan Amount (20% dn)
$259,241
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 Broadway, VA?
The median home value in Broadway is $324,051 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Broadway?
Over the past year, home values in Broadway have increased by 2.5%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in Broadway?
To comfortably afford the median home price of $324,051 with a 20% down payment ($64,810) at today's rates (6.8%), you'd need a gross annual income of approximately $85,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Broadway compare to the national average home price?
The national median home value is approximately $410,000. At $324,051, homes in Broadway are 21% below the national average.
What metro area is Broadway part of?
Broadway is part of the Harrisonburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.