Market Overview
Home Prices in Farnham, VA
The median home value in Farnham, VA is $243,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farnham are priced41% below average.
Over the past five years, Farnham home values have risen by approximately34.5%, reflecting strong long-term appreciation in this market.
Price History
Farnham Home Price Trend
2020
$153,756
$154K
—
2021
$180,918
$181K
+17.7%
2022
$204,740
$205K
+13.2%
2023
$210,366
$210K
+2.7%
2024
$223,920
$224K
+6.4%
2025
$228,117
$228K
+1.9%
2026
$243,244
$243K
+6.6%
City Comparison
Farnham vs. National Median
🏠 Farnham
$243,244
National Median
$410,000
At $243,244, homes in Farnham cost 41% below the national median of $410,000. This makes Farnham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Farnham?
20% Down Payment
$48,649
on $243,244
Monthly P&I
$1,269/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,612/mo
incl. taxes & insurance
Income Needed
$64,480
gross annual (30% rule)
10% Down Option
$24,324
+ PMI applies
Loan Amount (20% dn)
$194,595
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 Farnham, VA?
The median home value in Farnham is $243,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Farnham?
Over the past year, home values in Farnham have increased by 6.6%. Over five years, prices have risen approximately 34.5%.
How much do I need to earn to buy a home in Farnham?
To comfortably afford the median home price of $243,244 with a 20% down payment ($48,649) at today's rates (6.8%), you'd need a gross annual income of approximately $64,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Farnham compare to the national average home price?
The national median home value is approximately $410,000. At $243,244, homes in Farnham are 41% below the national average.