Market Overview
Home Prices in Mathews, VA
The median home value in Mathews, VA is $336,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mathews are priced18% below average. Mathews is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Mathews home values have risen by approximately16.0%, reflecting steady appreciation in this market.
Price History
Mathews Home Price Trend
City Comparison
Mathews vs. National Median
At $336,085, homes in Mathews cost 18% below the national median of $410,000. This makes Mathews a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mathews?
20% Down Payment
$67,217
on $336,085
Monthly P&I
$1,753/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,226/mo
incl. taxes & insurance
Income Needed
$89,040
gross annual (30% rule)
10% Down Option
$33,609
+ PMI applies
Loan Amount (20% dn)
$268,868
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 Mathews, VA?
The median home value in Mathews is $336,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Mathews?
Over the past year, home values in Mathews have increased by 2%. Over five years, prices have risen approximately 16.0%.
How much do I need to earn to buy a home in Mathews?
To comfortably afford the median home price of $336,085 with a 20% down payment ($67,217) at today's rates (6.8%), you'd need a gross annual income of approximately $89,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Mathews compare to the national average home price?
The national median home value is approximately $410,000. At $336,085, homes in Mathews are 18% below the national average.
What metro area is Mathews part of?
Mathews is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.