Market Overview
Home Prices in Luray, VA
The median home value in Luray, VA is $323,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Luray are priced21% below average.
Over the past five years, Luray home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Luray Home Price Trend
2020
$199,609
$200K
—
2021
$242,316
$242K
+21.4%
2022
$279,251
$279K
+15.2%
2023
$287,874
$288K
+3.1%
2024
$306,344
$306K
+6.4%
2025
$314,022
$314K
+2.5%
2026
$323,332
$323K
+3.0%
City Comparison
Luray vs. National Median
🏠 Luray
$323,332
National Median
$410,000
At $323,332, homes in Luray cost 21% below the national median of $410,000. This makes Luray a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Luray?
20% Down Payment
$64,666
on $323,332
Monthly P&I
$1,686/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,141/mo
incl. taxes & insurance
Income Needed
$85,640
gross annual (30% rule)
10% Down Option
$32,333
+ PMI applies
Loan Amount (20% dn)
$258,666
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 Luray, VA?
The median home value in Luray is $323,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Luray?
Over the past year, home values in Luray have increased by 3%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Luray?
To comfortably afford the median home price of $323,332 with a 20% down payment ($64,666) at today's rates (6.8%), you'd need a gross annual income of approximately $85,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Luray compare to the national average home price?
The national median home value is approximately $410,000. At $323,332, homes in Luray are 21% below the national average.