Market Overview
Home Prices in Paeonian Springs, VA
The median home value in Paeonian Springs, VA is $967,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paeonian Springs are priced136% above average. Paeonian Springs is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Price History
Paeonian Springs Home Price Trend
2022
$828,603
$829K
—
2023
$850,499
$850K
+2.6%
2024
$908,048
$908K
+6.8%
2025
$939,283
$939K
+3.4%
2026
$967,054
$967K
+3.0%
City Comparison
Paeonian Springs vs. National Median
🏠 Paeonian Springs
$967,054
National Median
$410,000
At $967,054, homes in Paeonian Springs cost 136% above the national median of $410,000. Buyers in Paeonian Springs should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Paeonian Springs?
20% Down Payment
$193,411
on $967,054
Monthly P&I
$5,044/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,406/mo
incl. taxes & insurance
Income Needed
$256,240
gross annual (30% rule)
10% Down Option
$96,705
+ PMI applies
Loan Amount (20% dn)
$773,643
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 Paeonian Springs, VA?
The median home value in Paeonian Springs is $967,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Paeonian Springs?
Over the past year, home values in Paeonian Springs have increased by 3%.
How much do I need to earn to buy a home in Paeonian Springs?
To comfortably afford the median home price of $967,054 with a 20% down payment ($193,411) at today's rates (6.8%), you'd need a gross annual income of approximately $256,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Paeonian Springs compare to the national average home price?
The national median home value is approximately $410,000. At $967,054, homes in Paeonian Springs are 136% above the national average.
What metro area is Paeonian Springs part of?
Paeonian Springs is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.