Market Overview
Home Prices in Norton, VA
The median home value in Norton, VA is $119,256 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Norton are priced71% below average. Norton is part of the Big Stone Gap, VA metro area.
Over the past five years, Norton home values have risen by approximately19.7%, reflecting steady appreciation in this market.
Price History
Norton Home Price Trend
2020
$81,612
$82K
—
2021
$99,669
$100K
+22.1%
2022
$112,959
$113K
+13.3%
2023
$112,638
$113K
-0.3%
2024
$123,079
$123K
+9.3%
2025
$123,471
$123K
+0.3%
2026
$119,256
$119K
-3.4%
City Comparison
Norton vs. National Median
🏠 Norton
$119,256
National Median
$410,000
At $119,256, homes in Norton cost 71% below the national median of $410,000. This makes Norton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Norton?
20% Down Payment
$23,851
on $119,256
Monthly P&I
$622/mo
30-yr @ 6.8%
Total Monthly Est.
~$790/mo
incl. taxes & insurance
Income Needed
$31,600
gross annual (30% rule)
10% Down Option
$11,926
+ PMI applies
Loan Amount (20% dn)
$95,405
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 Norton, VA?
The median home value in Norton is $119,256 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Norton?
Over the past year, home values in Norton have decreased by 3.4%. Over five years, prices have risen approximately 19.7%.
How much do I need to earn to buy a home in Norton?
To comfortably afford the median home price of $119,256 with a 20% down payment ($23,851) at today's rates (6.8%), you'd need a gross annual income of approximately $31,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Norton compare to the national average home price?
The national median home value is approximately $410,000. At $119,256, homes in Norton are 71% below the national average.
What metro area is Norton part of?
Norton is part of the Big Stone Gap, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.