Market Overview
Home Prices in Long Island, VA
The median home value in Long Island, VA is $185,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Long Island are priced55% below average. Long Island is part of the Danville, VA metro area.
Over the past five years, Long Island home values have risen by approximately18.5%, reflecting steady appreciation in this market.
Price History
Long Island Home Price Trend
City Comparison
Long Island vs. National Median
At $185,292, homes in Long Island cost 55% below the national median of $410,000. This makes Long Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Long Island?
20% Down Payment
$37,058
on $185,292
Monthly P&I
$966/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,227/mo
incl. taxes & insurance
Income Needed
$49,080
gross annual (30% rule)
10% Down Option
$18,529
+ PMI applies
Loan Amount (20% dn)
$148,234
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 Long Island, VA?
The median home value in Long Island is $185,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Long Island?
Over the past year, home values in Long Island have increased by 4.6%. Over five years, prices have risen approximately 18.5%.
How much do I need to earn to buy a home in Long Island?
To comfortably afford the median home price of $185,292 with a 20% down payment ($37,058) at today's rates (6.8%), you'd need a gross annual income of approximately $49,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Long Island compare to the national average home price?
The national median home value is approximately $410,000. At $185,292, homes in Long Island are 55% below the national average.
What metro area is Long Island part of?
Long Island is part of the Danville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.