Appalachia, VA housing market
The typical Appalachia home is worth about $54,000, down 3.6% in a year, 87% below the Virginia typical home.
Home values, sales, trends and how Appalachia compares with the towns next door — updated as new data is published.
Appalachia at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Appalachia | Virginia |
|---|---|---|
| 2017 | $38,000 | $253,000 |
| 2018 | $39,000 | $263,000 |
| 2019 | $45,000 | $271,000 |
| 2020 | $39,000 | $284,000 |
| 2021 | $45,000 | $311,000 |
| 2022 | $52,000 | $345,000 |
| 2023 | $50,000 | $367,000 |
| 2024 | $54,000 | $386,000 |
| 2025 | $57,000 | $405,000 |
| 2026 | $51,000 | $411,000 |
| August 2026 | $54,000 | $415,000 |
No new homes permitted in 2023
No permits for new homes were issued in Appalachia in 2023. The last year with any was 2015 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Appalachia's population fell by 322 even though 2 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Virginia: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 1 | 1 | 0 | $150,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $135,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $125,000 |
| 2004 | 1 | 1 | 0 | $50,000 |
| 2003 | 1 | 1 | 0 | $50,000 |
| 2002 | 1 | 1 | 0 | $40,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Appalachia's permit office didn't report to the Census in 2023, so the 2023 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
1.2 years of income
The typical Appalachia home costs about 1.2 years of the town's median household income, less than across Virginia (4.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Appalachia is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Appalachia pay a median of $766, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $730 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24216; Wise County-Norton city, VA HUD Nonmetro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.