Market Overview
Home Prices in Chilhowie, VA
The median home value in Chilhowie, VA is $197,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chilhowie are priced52% below average. Chilhowie is part of the Kingsport-Bristol, TN-VA metro area.
Over the past five years, Chilhowie home values have risen by approximately39.3%, reflecting strong long-term appreciation in this market.
Price History
Chilhowie Home Price Trend
City Comparison
Chilhowie vs. National Median
At $197,618, homes in Chilhowie cost 52% below the national median of $410,000. This makes Chilhowie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chilhowie?
20% Down Payment
$39,524
on $197,618
Monthly P&I
$1,031/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,309/mo
incl. taxes & insurance
Income Needed
$52,360
gross annual (30% rule)
10% Down Option
$19,762
+ PMI applies
Loan Amount (20% dn)
$158,094
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 Chilhowie, VA?
The median home value in Chilhowie is $197,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Chilhowie?
Over the past year, home values in Chilhowie have increased by 5.2%. Over five years, prices have risen approximately 39.3%.
How much do I need to earn to buy a home in Chilhowie?
To comfortably afford the median home price of $197,618 with a 20% down payment ($39,524) at today's rates (6.8%), you'd need a gross annual income of approximately $52,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Chilhowie compare to the national average home price?
The national median home value is approximately $410,000. At $197,618, homes in Chilhowie are 52% below the national average.
What metro area is Chilhowie part of?
Chilhowie is part of the Kingsport-Bristol, TN-VA metropolitan area. Home prices and market conditions can vary across the broader metro region.