Market Overview
Home Prices in Prince George, VA
The median home value in Prince George, VA is $355,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Prince George are priced13% below average. Prince George is part of the Richmond, VA metro area.
Over the past five years, Prince George home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Prince George Home Price Trend
City Comparison
Prince George vs. National Median
At $355,434, homes in Prince George cost 13% below the national median of $410,000. This makes Prince George a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Prince George?
20% Down Payment
$71,087
on $355,434
Monthly P&I
$1,854/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,355/mo
incl. taxes & insurance
Income Needed
$94,200
gross annual (30% rule)
10% Down Option
$35,543
+ PMI applies
Loan Amount (20% dn)
$284,347
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 Prince George, VA?
The median home value in Prince George is $355,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Prince George?
Over the past year, home values in Prince George have increased by 2.9%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Prince George?
To comfortably afford the median home price of $355,434 with a 20% down payment ($71,087) at today's rates (6.8%), you'd need a gross annual income of approximately $94,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Prince George compare to the national average home price?
The national median home value is approximately $410,000. At $355,434, homes in Prince George are 13% below the national average.
What metro area is Prince George part of?
Prince George is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.