Market Overview
Home Prices in Parksley, VA
The median home value in Parksley, VA is $216,985 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parksley are priced47% below average.
Over the past five years, Parksley home values have risen by approximately14.6%, reflecting steady appreciation in this market.
Price History
Parksley Home Price Trend
2020
$163,945
$164K
—
2021
$189,261
$189K
+15.4%
2022
$188,511
$189K
-0.4%
2023
$205,911
$206K
+9.2%
2024
$213,297
$213K
+3.6%
2025
$216,226
$216K
+1.4%
2026
$216,985
$217K
+0.4%
City Comparison
Parksley vs. National Median
🏠 Parksley
$216,985
National Median
$410,000
At $216,985, homes in Parksley cost 47% below the national median of $410,000. This makes Parksley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parksley?
20% Down Payment
$43,397
on $216,985
Monthly P&I
$1,132/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,438/mo
incl. taxes & insurance
Income Needed
$57,520
gross annual (30% rule)
10% Down Option
$21,699
+ PMI applies
Loan Amount (20% dn)
$173,588
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 Parksley, VA?
The median home value in Parksley is $216,985 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Parksley?
Over the past year, home values in Parksley have increased by 0.4%. Over five years, prices have risen approximately 14.6%.
How much do I need to earn to buy a home in Parksley?
To comfortably afford the median home price of $216,985 with a 20% down payment ($43,397) at today's rates (6.8%), you'd need a gross annual income of approximately $57,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Parksley compare to the national average home price?
The national median home value is approximately $410,000. At $216,985, homes in Parksley are 47% below the national average.