Market Overview
Home Prices in Melfa, VA
The median home value in Melfa, VA is $252,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Melfa are priced38% below average.
Over the past five years, Melfa home values have risen by approximately21.5%, reflecting strong long-term appreciation in this market.
Price History
Melfa Home Price Trend
2020
$175,450
$175K
—
2021
$207,685
$208K
+18.4%
2022
$218,348
$218K
+5.1%
2023
$240,332
$240K
+10.1%
2024
$247,955
$248K
+3.2%
2025
$249,091
$249K
+0.5%
2026
$252,401
$252K
+1.3%
City Comparison
Melfa vs. National Median
🏠 Melfa
$252,401
National Median
$410,000
At $252,401, homes in Melfa cost 38% below the national median of $410,000. This makes Melfa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Melfa?
20% Down Payment
$50,480
on $252,401
Monthly P&I
$1,316/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,671/mo
incl. taxes & insurance
Income Needed
$66,840
gross annual (30% rule)
10% Down Option
$25,240
+ PMI applies
Loan Amount (20% dn)
$201,921
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 Melfa, VA?
The median home value in Melfa is $252,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Melfa?
Over the past year, home values in Melfa have increased by 1.3%. Over five years, prices have risen approximately 21.5%.
How much do I need to earn to buy a home in Melfa?
To comfortably afford the median home price of $252,401 with a 20% down payment ($50,480) at today's rates (6.8%), you'd need a gross annual income of approximately $66,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Melfa compare to the national average home price?
The national median home value is approximately $410,000. At $252,401, homes in Melfa are 38% below the national average.