Market Overview
Home Prices in Patrick Springs, VA
The median home value in Patrick Springs, VA is $181,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and down 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Patrick Springs are priced56% below average.
Over the past five years, Patrick Springs home values have risen by approximately13.1%, reflecting steady appreciation in this market.
Price History
Patrick Springs Home Price Trend
2020
$144,156
$144K
—
2021
$160,353
$160K
+11.2%
2022
$174,700
$175K
+8.9%
2023
$183,341
$183K
+4.9%
2024
$191,703
$192K
+4.6%
2025
$180,545
$181K
-5.8%
2026
$181,416
$181K
+0.5%
City Comparison
Patrick Springs vs. National Median
🏠 Patrick Springs
$181,416
National Median
$410,000
At $181,416, homes in Patrick Springs cost 56% below the national median of $410,000. This makes Patrick Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Patrick Springs?
20% Down Payment
$36,283
on $181,416
Monthly P&I
$946/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,201/mo
incl. taxes & insurance
Income Needed
$48,040
gross annual (30% rule)
10% Down Option
$18,142
+ PMI applies
Loan Amount (20% dn)
$145,133
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 Patrick Springs, VA?
The median home value in Patrick Springs is $181,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Patrick Springs?
Over the past year, home values in Patrick Springs have increased by 0.5%. Over five years, prices have risen approximately 13.1%.
How much do I need to earn to buy a home in Patrick Springs?
To comfortably afford the median home price of $181,416 with a 20% down payment ($36,283) at today's rates (6.8%), you'd need a gross annual income of approximately $48,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Patrick Springs compare to the national average home price?
The national median home value is approximately $410,000. At $181,416, homes in Patrick Springs are 56% below the national average.