Market Overview
Home Prices in Red House, VA
The median home value in Red House, VA is $257,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Red House are priced37% below average. Red House is part of the Lynchburg, VA metro area.
Over the past five years, Red House home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Red House Home Price Trend
City Comparison
Red House vs. National Median
At $257,763, homes in Red House cost 37% below the national median of $410,000. This makes Red House a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Red House?
20% Down Payment
$51,553
on $257,763
Monthly P&I
$1,344/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,707/mo
incl. taxes & insurance
Income Needed
$68,280
gross annual (30% rule)
10% Down Option
$25,776
+ PMI applies
Loan Amount (20% dn)
$206,210
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 Red House, VA?
The median home value in Red House is $257,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Red House?
Over the past year, home values in Red House have increased by 6.5%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Red House?
To comfortably afford the median home price of $257,763 with a 20% down payment ($51,553) at today's rates (6.8%), you'd need a gross annual income of approximately $68,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Red House compare to the national average home price?
The national median home value is approximately $410,000. At $257,763, homes in Red House are 37% below the national average.
What metro area is Red House part of?
Red House is part of the Lynchburg, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.