Market Overview
Home Prices in South Boston, VA
The median home value in South Boston, VA is $155,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Boston are priced62% below average.
Over the past five years, South Boston home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
South Boston Home Price Trend
2020
$99,925
$100K
—
2021
$116,343
$116K
+16.4%
2022
$124,856
$125K
+7.3%
2023
$136,079
$136K
+9.0%
2024
$142,087
$142K
+4.4%
2025
$143,829
$144K
+1.2%
2026
$155,860
$156K
+8.4%
City Comparison
South Boston vs. National Median
🏠 South Boston
$155,860
National Median
$410,000
At $155,860, homes in South Boston cost 62% below the national median of $410,000. This makes South Boston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Boston?
20% Down Payment
$31,172
on $155,860
Monthly P&I
$813/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,033/mo
incl. taxes & insurance
Income Needed
$41,320
gross annual (30% rule)
10% Down Option
$15,586
+ PMI applies
Loan Amount (20% dn)
$124,688
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 South Boston, VA?
The median home value in South Boston is $155,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.4% year-over-year.
How much have home prices changed in South Boston?
Over the past year, home values in South Boston have increased by 8.4%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in South Boston?
To comfortably afford the median home price of $155,860 with a 20% down payment ($31,172) at today's rates (6.8%), you'd need a gross annual income of approximately $41,320. This assumes keeping total housing costs at or below 30% of gross income.
How does South Boston compare to the national average home price?
The national median home value is approximately $410,000. At $155,860, homes in South Boston are 62% below the national average.