Market Overview
Home Prices in Powhatan, VA
The median home value in Powhatan, VA is $489,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Powhatan are priced19% above average. Powhatan is part of the Richmond, VA metro area.
Over the past five years, Powhatan home values have risen by approximately23.7%, reflecting strong long-term appreciation in this market.
Price History
Powhatan Home Price Trend
City Comparison
Powhatan vs. National Median
At $489,292, homes in Powhatan cost 19% above the national median of $410,000. Buyers in Powhatan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Powhatan?
20% Down Payment
$97,858
on $489,292
Monthly P&I
$2,552/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,241/mo
incl. taxes & insurance
Income Needed
$129,640
gross annual (30% rule)
10% Down Option
$48,929
+ PMI applies
Loan Amount (20% dn)
$391,434
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 Powhatan, VA?
The median home value in Powhatan is $489,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Powhatan?
Over the past year, home values in Powhatan have increased by 3.2%. Over five years, prices have risen approximately 23.7%.
How much do I need to earn to buy a home in Powhatan?
To comfortably afford the median home price of $489,292 with a 20% down payment ($97,858) at today's rates (6.8%), you'd need a gross annual income of approximately $129,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Powhatan compare to the national average home price?
The national median home value is approximately $410,000. At $489,292, homes in Powhatan are 19% above the national average.
What metro area is Powhatan part of?
Powhatan is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.