Market Overview
Home Prices in Midlothian, VA
The median home value in Midlothian, VA is $475,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Midlothian are priced16% above average. Midlothian is part of the Richmond, VA metro area.
Over the past five years, Midlothian home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Midlothian Home Price Trend
City Comparison
Midlothian vs. National Median
At $475,871, homes in Midlothian cost 16% above the national median of $410,000. Buyers in Midlothian should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Midlothian?
20% Down Payment
$95,174
on $475,871
Monthly P&I
$2,482/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,152/mo
incl. taxes & insurance
Income Needed
$126,080
gross annual (30% rule)
10% Down Option
$47,587
+ PMI applies
Loan Amount (20% dn)
$380,697
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 Midlothian, VA?
The median home value in Midlothian is $475,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Midlothian?
Over the past year, home values in Midlothian have increased by 2.1%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Midlothian?
To comfortably afford the median home price of $475,871 with a 20% down payment ($95,174) at today's rates (6.8%), you'd need a gross annual income of approximately $126,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Midlothian compare to the national average home price?
The national median home value is approximately $410,000. At $475,871, homes in Midlothian are 16% above the national average.
What metro area is Midlothian part of?
Midlothian is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.