Market Overview
Home Prices in Faber, VA
The median home value in Faber, VA is $393,656 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Faber are priced4% below average. Faber is part of the Charlottesville, VA metro area.
Over the past five years, Faber home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Faber Home Price Trend
City Comparison
Faber vs. National Median
At $393,656, homes in Faber cost 4% below the national median of $410,000. This makes Faber a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Faber?
20% Down Payment
$78,731
on $393,656
Monthly P&I
$2,053/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,607/mo
incl. taxes & insurance
Income Needed
$104,280
gross annual (30% rule)
10% Down Option
$39,366
+ PMI applies
Loan Amount (20% dn)
$314,925
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 Faber, VA?
The median home value in Faber is $393,656 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Faber?
Over the past year, home values in Faber have increased by 4.7%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Faber?
To comfortably afford the median home price of $393,656 with a 20% down payment ($78,731) at today's rates (6.8%), you'd need a gross annual income of approximately $104,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Faber compare to the national average home price?
The national median home value is approximately $410,000. At $393,656, homes in Faber are 4% below the national average.
What metro area is Faber part of?
Faber is part of the Charlottesville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.