Market Overview
Home Prices in Honaker, VA
The median home value in Honaker, VA is $98,819 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and down 9.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Honaker are priced76% below average.
Over the past five years, Honaker home values have risen by approximately3.1%, reflecting modest growth in this market.
Price History
Honaker Home Price Trend
2020
$84,485
$84K
—
2021
$95,867
$96K
+13.5%
2022
$101,369
$101K
+5.7%
2023
$102,848
$103K
+1.5%
2024
$108,237
$108K
+5.2%
2025
$97,875
$98K
-9.6%
2026
$98,819
$99K
+1.0%
City Comparison
Honaker vs. National Median
🏠 Honaker
$98,819
National Median
$410,000
At $98,819, homes in Honaker cost 76% below the national median of $410,000. This makes Honaker a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Honaker?
20% Down Payment
$19,764
on $98,819
Monthly P&I
$515/mo
30-yr @ 6.8%
Total Monthly Est.
~$654/mo
incl. taxes & insurance
Income Needed
$26,160
gross annual (30% rule)
10% Down Option
$9,882
+ PMI applies
Loan Amount (20% dn)
$79,055
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 Honaker, VA?
The median home value in Honaker is $98,819 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Honaker?
Over the past year, home values in Honaker have increased by 1%. Over five years, prices have risen approximately 3.1%.
How much do I need to earn to buy a home in Honaker?
To comfortably afford the median home price of $98,819 with a 20% down payment ($19,764) at today's rates (6.8%), you'd need a gross annual income of approximately $26,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Honaker compare to the national average home price?
The national median home value is approximately $410,000. At $98,819, homes in Honaker are 76% below the national average.