Market Overview
Home Prices in Grundy, VA
The median home value in Grundy, VA is $79,751 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.4% compared to a year ago and down 8.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grundy are priced81% below average.
Over the past five years, Grundy home values have fallen by approximately16.4%, reflecting softening conditions in this market.
Price History
Grundy Home Price Trend
2020
$82,620
$83K
—
2021
$95,343
$95K
+15.4%
2022
$91,870
$92K
-3.6%
2023
$97,433
$97K
+6.1%
2024
$95,084
$95K
-2.4%
2025
$87,096
$87K
-8.4%
2026
$79,751
$80K
-8.4%
City Comparison
Grundy vs. National Median
🏠 Grundy
$79,751
National Median
$410,000
At $79,751, homes in Grundy cost 81% below the national median of $410,000. This makes Grundy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grundy?
20% Down Payment
$15,950
on $79,751
Monthly P&I
$416/mo
30-yr @ 6.8%
Total Monthly Est.
~$528/mo
incl. taxes & insurance
Income Needed
$21,120
gross annual (30% rule)
10% Down Option
$7,975
+ PMI applies
Loan Amount (20% dn)
$63,801
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 Grundy, VA?
The median home value in Grundy is $79,751 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.4% year-over-year.
How much have home prices changed in Grundy?
Over the past year, home values in Grundy have decreased by 8.4%. Over five years, prices have fallen approximately 16.4%.
How much do I need to earn to buy a home in Grundy?
To comfortably afford the median home price of $79,751 with a 20% down payment ($15,950) at today's rates (6.8%), you'd need a gross annual income of approximately $21,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Grundy compare to the national average home price?
The national median home value is approximately $410,000. At $79,751, homes in Grundy are 81% below the national average.