Market Overview
Home Prices in Oilville, VA
The median home value in Oilville, VA is $640,000 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oilville are priced56% above average. Oilville is part of the Richmond, VA metro area.
Over the past five years, Oilville home values have risen by approximately20.1%, reflecting strong long-term appreciation in this market.
Price History
Oilville Home Price Trend
City Comparison
Oilville vs. National Median
At $640,000, homes in Oilville cost 56% above the national median of $410,000. Buyers in Oilville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oilville?
20% Down Payment
$128,000
on $640,000
Monthly P&I
$3,338/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,239/mo
incl. taxes & insurance
Income Needed
$169,560
gross annual (30% rule)
10% Down Option
$64,000
+ PMI applies
Loan Amount (20% dn)
$512,000
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 Oilville, VA?
The median home value in Oilville is $640,000 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Oilville?
Over the past year, home values in Oilville have increased by 3.8%. Over five years, prices have risen approximately 20.1%.
How much do I need to earn to buy a home in Oilville?
To comfortably afford the median home price of $640,000 with a 20% down payment ($128,000) at today's rates (6.8%), you'd need a gross annual income of approximately $169,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Oilville compare to the national average home price?
The national median home value is approximately $410,000. At $640,000, homes in Oilville are 56% above the national average.
What metro area is Oilville part of?
Oilville is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.