Market Overview
Home Prices in Wachapreague, VA
The median home value in Wachapreague, VA is $277,456 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% 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 Wachapreague are priced32% below average.
Price History
Wachapreague Home Price Trend
2024
$256,312
$256K
—
2025
$268,022
$268K
+4.6%
2026
$277,456
$277K
+3.5%
City Comparison
Wachapreague vs. National Median
🏠 Wachapreague
$277,456
National Median
$410,000
At $277,456, homes in Wachapreague cost 32% below the national median of $410,000. This makes Wachapreague a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wachapreague?
20% Down Payment
$55,491
on $277,456
Monthly P&I
$1,447/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,838/mo
incl. taxes & insurance
Income Needed
$73,520
gross annual (30% rule)
10% Down Option
$27,746
+ PMI applies
Loan Amount (20% dn)
$221,965
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 Wachapreague, VA?
The median home value in Wachapreague is $277,456 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Wachapreague?
Over the past year, home values in Wachapreague have increased by 3.5%.
How much do I need to earn to buy a home in Wachapreague?
To comfortably afford the median home price of $277,456 with a 20% down payment ($55,491) at today's rates (6.8%), you'd need a gross annual income of approximately $73,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Wachapreague compare to the national average home price?
The national median home value is approximately $410,000. At $277,456, homes in Wachapreague are 32% below the national average.