Market Overview
Home Prices in Phenix, VA
The median home value in Phenix, VA is $191,696 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.5% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phenix are priced53% below average.
Price History
Phenix Home Price Trend
2022
$174,450
$174K
—
2023
$179,301
$179K
+2.8%
2024
$173,202
$173K
-3.4%
2025
$173,420
$173K
+0.1%
2026
$191,696
$192K
+10.5%
City Comparison
Phenix vs. National Median
🏠 Phenix
$191,696
National Median
$410,000
At $191,696, homes in Phenix cost 53% below the national median of $410,000. This makes Phenix a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Phenix?
20% Down Payment
$38,339
on $191,696
Monthly P&I
$1,000/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,270/mo
incl. taxes & insurance
Income Needed
$50,800
gross annual (30% rule)
10% Down Option
$19,170
+ PMI applies
Loan Amount (20% dn)
$153,357
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 Phenix, VA?
The median home value in Phenix is $191,696 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.5% year-over-year.
How much have home prices changed in Phenix?
Over the past year, home values in Phenix have increased by 10.5%.
How much do I need to earn to buy a home in Phenix?
To comfortably afford the median home price of $191,696 with a 20% down payment ($38,339) at today's rates (6.8%), you'd need a gross annual income of approximately $50,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Phenix compare to the national average home price?
The national median home value is approximately $410,000. At $191,696, homes in Phenix are 53% below the national average.