Market Overview
Home Prices in Callao, VA
The median home value in Callao, VA is $244,084 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.5% compared to a year ago and down 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Callao are priced40% below average.
Over the past five years, Callao home values have risen by approximately10.4%, reflecting steady appreciation in this market.
Price History
Callao Home Price Trend
2020
$191,175
$191K
—
2021
$221,167
$221K
+15.7%
2022
$249,934
$250K
+13.0%
2023
$244,689
$245K
-2.1%
2024
$259,645
$260K
+6.1%
2025
$247,735
$248K
-4.6%
2026
$244,084
$244K
-1.5%
City Comparison
Callao vs. National Median
🏠 Callao
$244,084
National Median
$410,000
At $244,084, homes in Callao cost 40% below the national median of $410,000. This makes Callao a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Callao?
20% Down Payment
$48,817
on $244,084
Monthly P&I
$1,273/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,617/mo
incl. taxes & insurance
Income Needed
$64,680
gross annual (30% rule)
10% Down Option
$24,408
+ PMI applies
Loan Amount (20% dn)
$195,267
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 Callao, VA?
The median home value in Callao is $244,084 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.5% year-over-year.
How much have home prices changed in Callao?
Over the past year, home values in Callao have decreased by 1.5%. Over five years, prices have risen approximately 10.4%.
How much do I need to earn to buy a home in Callao?
To comfortably afford the median home price of $244,084 with a 20% down payment ($48,817) at today's rates (6.8%), you'd need a gross annual income of approximately $64,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Callao compare to the national average home price?
The national median home value is approximately $410,000. At $244,084, homes in Callao are 40% below the national average.