Market Overview
Home Prices in Brookneal, VA
The median home value in Brookneal, VA is $167,844 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Brookneal are priced59% below average. Brookneal is part of the Lynchburg, VA metro area.
Over the past five years, Brookneal home values have risen by approximately29.8%, reflecting strong long-term appreciation in this market.
Price History
Brookneal Home Price Trend
City Comparison
Brookneal vs. National Median
At $167,844, homes in Brookneal cost 59% below the national median of $410,000. This makes Brookneal a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Brookneal?
20% Down Payment
$33,569
on $167,844
Monthly P&I
$875/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,111/mo
incl. taxes & insurance
Income Needed
$44,440
gross annual (30% rule)
10% Down Option
$16,784
+ PMI applies
Loan Amount (20% dn)
$134,275
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 Brookneal, VA?
The median home value in Brookneal is $167,844 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Brookneal?
Over the past year, home values in Brookneal have increased by 5.4%. Over five years, prices have risen approximately 29.8%.
How much do I need to earn to buy a home in Brookneal?
To comfortably afford the median home price of $167,844 with a 20% down payment ($33,569) at today's rates (6.8%), you'd need a gross annual income of approximately $44,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Brookneal compare to the national average home price?
The national median home value is approximately $410,000. At $167,844, homes in Brookneal are 59% below the national average.
What metro area is Brookneal part of?
Brookneal is part of the Lynchburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.