Market Overview
Home Prices in Narrows, VA
The median home value in Narrows, VA is $173,139 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and down 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Narrows are priced58% below average. Narrows is part of the Blacksburg-Christiansburg, VA metro area.
Over the past five years, Narrows home values have risen by approximately26.8%, reflecting strong long-term appreciation in this market.
Price History
Narrows Home Price Trend
City Comparison
Narrows vs. National Median
At $173,139, homes in Narrows cost 58% below the national median of $410,000. This makes Narrows a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Narrows?
20% Down Payment
$34,628
on $173,139
Monthly P&I
$903/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,147/mo
incl. taxes & insurance
Income Needed
$45,880
gross annual (30% rule)
10% Down Option
$17,314
+ PMI applies
Loan Amount (20% dn)
$138,511
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 Narrows, VA?
The median home value in Narrows is $173,139 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Narrows?
Over the past year, home values in Narrows have increased by 5.3%. Over five years, prices have risen approximately 26.8%.
How much do I need to earn to buy a home in Narrows?
To comfortably afford the median home price of $173,139 with a 20% down payment ($34,628) at today's rates (6.8%), you'd need a gross annual income of approximately $45,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Narrows compare to the national average home price?
The national median home value is approximately $410,000. At $173,139, homes in Narrows are 58% below the national average.
What metro area is Narrows part of?
Narrows is part of the Blacksburg-Christiansburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.