Market Overview
Home Prices in Locust Hill, VA
The median home value in Locust Hill, VA is $392,040 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Locust Hill are priced4% below average.
Over the past five years, Locust Hill home values have risen by approximately32.0%, reflecting strong long-term appreciation in this market.
Price History
Locust Hill Home Price Trend
2020
$247,573
$248K
—
2021
$297,084
$297K
+20.0%
2022
$343,440
$343K
+15.6%
2023
$347,515
$348K
+1.2%
2024
$372,012
$372K
+7.0%
2025
$383,786
$384K
+3.2%
2026
$392,040
$392K
+2.2%
City Comparison
Locust Hill vs. National Median
🏠 Locust Hill
$392,040
National Median
$410,000
At $392,040, homes in Locust Hill cost 4% below the national median of $410,000. This makes Locust Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Locust Hill?
20% Down Payment
$78,408
on $392,040
Monthly P&I
$2,045/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,597/mo
incl. taxes & insurance
Income Needed
$103,880
gross annual (30% rule)
10% Down Option
$39,204
+ PMI applies
Loan Amount (20% dn)
$313,632
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 Locust Hill, VA?
The median home value in Locust Hill is $392,040 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Locust Hill?
Over the past year, home values in Locust Hill have increased by 2.2%. Over five years, prices have risen approximately 32.0%.
How much do I need to earn to buy a home in Locust Hill?
To comfortably afford the median home price of $392,040 with a 20% down payment ($78,408) at today's rates (6.8%), you'd need a gross annual income of approximately $103,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Locust Hill compare to the national average home price?
The national median home value is approximately $410,000. At $392,040, homes in Locust Hill are 4% below the national average.