Market Overview
Home Prices in Gloucester, VA
The median home value in Gloucester, VA is $387,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gloucester are priced5% below average. Gloucester is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Gloucester home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
Gloucester Home Price Trend
City Comparison
Gloucester vs. National Median
At $387,724, homes in Gloucester cost 5% below the national median of $410,000. This makes Gloucester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gloucester?
20% Down Payment
$77,545
on $387,724
Monthly P&I
$2,022/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,568/mo
incl. taxes & insurance
Income Needed
$102,720
gross annual (30% rule)
10% Down Option
$38,772
+ PMI applies
Loan Amount (20% dn)
$310,179
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 Gloucester, VA?
The median home value in Gloucester is $387,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Gloucester?
Over the past year, home values in Gloucester have increased by 3.4%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in Gloucester?
To comfortably afford the median home price of $387,724 with a 20% down payment ($77,545) at today's rates (6.8%), you'd need a gross annual income of approximately $102,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Gloucester compare to the national average home price?
The national median home value is approximately $410,000. At $387,724, homes in Gloucester are 5% below the national average.
What metro area is Gloucester part of?
Gloucester is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.