Wise, VA housing market
The typical Wise home is worth about $185,000, up 1.3% in a year, 55% below the Virginia typical home.
Home values, sales, trends and how Wise compares with the towns next door — updated as new data is published.
Wise 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 | Wise | Virginia |
|---|---|---|
| 2017 | $112,000 | $253,000 |
| 2018 | $114,000 | $263,000 |
| 2019 | $119,000 | $271,000 |
| 2020 | $117,000 | $284,000 |
| 2021 | $132,000 | $311,000 |
| 2022 | $148,000 | $345,000 |
| 2023 | $161,000 | $367,000 |
| 2024 | $167,000 | $386,000 |
| 2025 | $180,000 | $405,000 |
| 2026 | $181,000 | $411,000 |
| August 2026 | $185,000 | $415,000 |
3.5 years of income
The typical Wise home costs about 3.5 years of the town's median household income, less than across Virginia (4.5 years).
How Wise ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Wise is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Wise pay a median of $825, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $700 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24293; 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.
Recent listings in Wise
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.