Market Overview
Home Prices in Dungannon, VA
The median home value in Dungannon, VA is $122,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.6% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dungannon are priced70% below average. Dungannon is part of the Kingsport-Bristol, TN-VA metro area.
Over the past five years, Dungannon home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Dungannon Home Price Trend
City Comparison
Dungannon vs. National Median
At $122,004, homes in Dungannon cost 70% below the national median of $410,000. This makes Dungannon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dungannon?
20% Down Payment
$24,401
on $122,004
Monthly P&I
$636/mo
30-yr @ 6.8%
Total Monthly Est.
~$808/mo
incl. taxes & insurance
Income Needed
$32,320
gross annual (30% rule)
10% Down Option
$12,200
+ PMI applies
Loan Amount (20% dn)
$97,603
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 Dungannon, VA?
The median home value in Dungannon is $122,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.6% year-over-year.
How much have home prices changed in Dungannon?
Over the past year, home values in Dungannon have decreased by 5.6%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Dungannon?
To comfortably afford the median home price of $122,004 with a 20% down payment ($24,401) at today's rates (6.8%), you'd need a gross annual income of approximately $32,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Dungannon compare to the national average home price?
The national median home value is approximately $410,000. At $122,004, homes in Dungannon are 70% below the national average.
What metro area is Dungannon part of?
Dungannon is part of the Kingsport-Bristol, TN-VA metropolitan area. Home prices and market conditions can vary across the broader metro region.