Market Overview
Home Prices in Grimstead, VA
The median home value in Grimstead, VA is $359,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grimstead are priced12% below average. Grimstead is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Price History
Grimstead Home Price Trend
2022
$306,414
$306K
—
2023
$299,015
$299K
-2.4%
2024
$343,482
$343K
+14.9%
2025
$353,136
$353K
+2.8%
2026
$359,089
$359K
+1.7%
City Comparison
Grimstead vs. National Median
🏠 Grimstead
$359,089
National Median
$410,000
At $359,089, homes in Grimstead cost 12% below the national median of $410,000. This makes Grimstead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grimstead?
20% Down Payment
$71,818
on $359,089
Monthly P&I
$1,873/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,379/mo
incl. taxes & insurance
Income Needed
$95,160
gross annual (30% rule)
10% Down Option
$35,909
+ PMI applies
Loan Amount (20% dn)
$287,271
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 Grimstead, VA?
The median home value in Grimstead is $359,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Grimstead?
Over the past year, home values in Grimstead have increased by 1.7%.
How much do I need to earn to buy a home in Grimstead?
To comfortably afford the median home price of $359,089 with a 20% down payment ($71,818) at today's rates (6.8%), you'd need a gross annual income of approximately $95,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Grimstead compare to the national average home price?
The national median home value is approximately $410,000. At $359,089, homes in Grimstead are 12% below the national average.
What metro area is Grimstead part of?
Grimstead 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.