Market Overview
Home Prices in Dewitt, VA
The median home value in Dewitt, VA is $308,322 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dewitt are priced25% below average. Dewitt is part of the Richmond, VA metro area.
Over the past five years, Dewitt home values have risen by approximately41.3%, reflecting strong long-term appreciation in this market.
Price History
Dewitt Home Price Trend
City Comparison
Dewitt vs. National Median
At $308,322, homes in Dewitt cost 25% below the national median of $410,000. This makes Dewitt a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dewitt?
20% Down Payment
$61,664
on $308,322
Monthly P&I
$1,608/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,042/mo
incl. taxes & insurance
Income Needed
$81,680
gross annual (30% rule)
10% Down Option
$30,832
+ PMI applies
Loan Amount (20% dn)
$246,658
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 Dewitt, VA?
The median home value in Dewitt is $308,322 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Dewitt?
Over the past year, home values in Dewitt have increased by 7.5%. Over five years, prices have risen approximately 41.3%.
How much do I need to earn to buy a home in Dewitt?
To comfortably afford the median home price of $308,322 with a 20% down payment ($61,664) at today's rates (6.8%), you'd need a gross annual income of approximately $81,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Dewitt compare to the national average home price?
The national median home value is approximately $410,000. At $308,322, homes in Dewitt are 25% below the national average.
What metro area is Dewitt part of?
Dewitt is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.