Market Overview
Home Prices in Cloverdale, VA
The median home value in Cloverdale, VA is $307,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cloverdale are priced25% below average. Cloverdale is part of the Roanoke, VA metro area.
Over the past five years, Cloverdale home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Cloverdale Home Price Trend
City Comparison
Cloverdale vs. National Median
At $307,432, homes in Cloverdale cost 25% below the national median of $410,000. This makes Cloverdale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cloverdale?
20% Down Payment
$61,486
on $307,432
Monthly P&I
$1,603/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,036/mo
incl. taxes & insurance
Income Needed
$81,440
gross annual (30% rule)
10% Down Option
$30,743
+ PMI applies
Loan Amount (20% dn)
$245,946
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 Cloverdale, VA?
The median home value in Cloverdale is $307,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Cloverdale?
Over the past year, home values in Cloverdale have increased by 4.1%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Cloverdale?
To comfortably afford the median home price of $307,432 with a 20% down payment ($61,486) at today's rates (6.8%), you'd need a gross annual income of approximately $81,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Cloverdale compare to the national average home price?
The national median home value is approximately $410,000. At $307,432, homes in Cloverdale are 25% below the national average.
What metro area is Cloverdale part of?
Cloverdale is part of the Roanoke, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.