Market Overview
Home Prices in New Kent, VA
The median home value in New Kent, VA is $452,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Kent are priced10% above average. New Kent is part of the Richmond, VA metro area.
Over the past five years, New Kent home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
New Kent Home Price Trend
City Comparison
New Kent vs. National Median
At $452,491, homes in New Kent cost 10% above the national median of $410,000. Buyers in New Kent should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Kent?
20% Down Payment
$90,498
on $452,491
Monthly P&I
$2,360/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,997/mo
incl. taxes & insurance
Income Needed
$119,880
gross annual (30% rule)
10% Down Option
$45,249
+ PMI applies
Loan Amount (20% dn)
$361,993
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 New Kent, VA?
The median home value in New Kent is $452,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in New Kent?
Over the past year, home values in New Kent have increased by 3.1%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in New Kent?
To comfortably afford the median home price of $452,491 with a 20% down payment ($90,498) at today's rates (6.8%), you'd need a gross annual income of approximately $119,880. This assumes keeping total housing costs at or below 30% of gross income.
How does New Kent compare to the national average home price?
The national median home value is approximately $410,000. At $452,491, homes in New Kent are 10% above the national average.
What metro area is New Kent part of?
New Kent is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.