Market Overview
Home Prices in Drakes Branch, VA
The median home value in Drakes Branch, VA is $178,165 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Drakes Branch are priced57% below average.
Over the past five years, Drakes Branch home values have risen by approximately20.1%, reflecting strong long-term appreciation in this market.
Price History
Drakes Branch Home Price Trend
2020
$129,032
$129K
—
2021
$148,383
$148K
+15.0%
2022
$158,919
$159K
+7.1%
2023
$165,767
$166K
+4.3%
2024
$165,057
$165K
-0.4%
2025
$165,452
$165K
+0.2%
2026
$178,165
$178K
+7.7%
City Comparison
Drakes Branch vs. National Median
🏠 Drakes Branch
$178,165
National Median
$410,000
At $178,165, homes in Drakes Branch cost 57% below the national median of $410,000. This makes Drakes Branch a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Drakes Branch?
20% Down Payment
$35,633
on $178,165
Monthly P&I
$929/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,180/mo
incl. taxes & insurance
Income Needed
$47,200
gross annual (30% rule)
10% Down Option
$17,817
+ PMI applies
Loan Amount (20% dn)
$142,532
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 Drakes Branch, VA?
The median home value in Drakes Branch is $178,165 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Drakes Branch?
Over the past year, home values in Drakes Branch have increased by 7.7%. Over five years, prices have risen approximately 20.1%.
How much do I need to earn to buy a home in Drakes Branch?
To comfortably afford the median home price of $178,165 with a 20% down payment ($35,633) at today's rates (6.8%), you'd need a gross annual income of approximately $47,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Drakes Branch compare to the national average home price?
The national median home value is approximately $410,000. At $178,165, homes in Drakes Branch are 57% below the national average.