Market Overview
Home Prices in Cape Charles, VA
The median home value in Cape Charles, VA is $409,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cape Charles are priced0% below average.
Over the past five years, Cape Charles home values have risen by approximately38.4%, reflecting strong long-term appreciation in this market.
Price History
Cape Charles Home Price Trend
2020
$217,388
$217K
—
2021
$296,156
$296K
+36.2%
2022
$363,748
$364K
+22.8%
2023
$360,627
$361K
-0.9%
2024
$372,481
$372K
+3.3%
2025
$385,096
$385K
+3.4%
2026
$409,743
$410K
+6.4%
City Comparison
Cape Charles vs. National Median
🏠 Cape Charles
$409,743
National Median
$410,000
At $409,743, homes in Cape Charles cost 0% below the national median of $410,000. This makes Cape Charles a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cape Charles?
20% Down Payment
$81,949
on $409,743
Monthly P&I
$2,137/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,714/mo
incl. taxes & insurance
Income Needed
$108,560
gross annual (30% rule)
10% Down Option
$40,974
+ PMI applies
Loan Amount (20% dn)
$327,794
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 Cape Charles, VA?
The median home value in Cape Charles is $409,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Cape Charles?
Over the past year, home values in Cape Charles have increased by 6.4%. Over five years, prices have risen approximately 38.4%.
How much do I need to earn to buy a home in Cape Charles?
To comfortably afford the median home price of $409,743 with a 20% down payment ($81,949) at today's rates (6.8%), you'd need a gross annual income of approximately $108,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Cape Charles compare to the national average home price?
The national median home value is approximately $410,000. At $409,743, homes in Cape Charles are 0% below the national average.