Market Overview
Home Prices in Montvale, VA
The median home value in Montvale, VA is $264,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montvale are priced36% below average. Montvale is part of the Lynchburg, VA metro area.
Over the past five years, Montvale home values have risen by approximately28.7%, reflecting strong long-term appreciation in this market.
Price History
Montvale Home Price Trend
City Comparison
Montvale vs. National Median
At $264,239, homes in Montvale cost 36% below the national median of $410,000. This makes Montvale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montvale?
20% Down Payment
$52,848
on $264,239
Monthly P&I
$1,378/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,750/mo
incl. taxes & insurance
Income Needed
$70,000
gross annual (30% rule)
10% Down Option
$26,424
+ PMI applies
Loan Amount (20% dn)
$211,391
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 Montvale, VA?
The median home value in Montvale is $264,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Montvale?
Over the past year, home values in Montvale have increased by 5.7%. Over five years, prices have risen approximately 28.7%.
How much do I need to earn to buy a home in Montvale?
To comfortably afford the median home price of $264,239 with a 20% down payment ($52,848) at today's rates (6.8%), you'd need a gross annual income of approximately $70,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Montvale compare to the national average home price?
The national median home value is approximately $410,000. At $264,239, homes in Montvale are 36% below the national average.
What metro area is Montvale part of?
Montvale is part of the Lynchburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.