Fancy Gap, VA housing market
The typical Fancy Gap home is worth about $242,000, up 5.3% in a year, 42% below the Virginia typical home.
Home values, sales, trends and how Fancy Gap compares with the towns next door — updated as new data is published.
Fancy Gap at a glance
Typical home value, 2016–2026
Show as a table
| January | Fancy Gap | Virginia |
|---|---|---|
| 2017 | $145,000 | $253,000 |
| 2018 | $146,000 | $263,000 |
| 2019 | $151,000 | $271,000 |
| 2020 | $162,000 | $284,000 |
| 2021 | $175,000 | $311,000 |
| 2022 | $199,000 | $345,000 |
| 2023 | $212,000 | $367,000 |
| 2024 | $233,000 | $386,000 |
| 2025 | $238,000 | $405,000 |
| 2026 | $237,000 | $411,000 |
| August 2026 | $242,000 | $415,000 |
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Fancy Gap is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $820 · 4 bedrooms $1,590
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24328; Carroll County-Galax 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. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.