Market Overview
Home Prices in Gumspring, VA
The median home value in Gumspring, VA is $402,930 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gumspring are priced2% below average. Gumspring is part of the Richmond, VA metro area.
Over the past five years, Gumspring home values have risen by approximately29.0%, reflecting strong long-term appreciation in this market.
Price History
Gumspring Home Price Trend
City Comparison
Gumspring vs. National Median
At $402,930, homes in Gumspring cost 2% below the national median of $410,000. This makes Gumspring a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gumspring?
20% Down Payment
$80,586
on $402,930
Monthly P&I
$2,101/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,668/mo
incl. taxes & insurance
Income Needed
$106,720
gross annual (30% rule)
10% Down Option
$40,293
+ PMI applies
Loan Amount (20% dn)
$322,344
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 Gumspring, VA?
The median home value in Gumspring is $402,930 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Gumspring?
Over the past year, home values in Gumspring have increased by 4.2%. Over five years, prices have risen approximately 29.0%.
How much do I need to earn to buy a home in Gumspring?
To comfortably afford the median home price of $402,930 with a 20% down payment ($80,586) at today's rates (6.8%), you'd need a gross annual income of approximately $106,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Gumspring compare to the national average home price?
The national median home value is approximately $410,000. At $402,930, homes in Gumspring are 2% below the national average.
What metro area is Gumspring part of?
Gumspring is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.