Lancaster County, Virginia home prices
Typical home $397,428 · +5.6% in a year · property tax 0.48%
The typical home in Lancaster County is worth $397,428, 4% less than the Virginia typical home ($412,252). Values changed +5.6% in the past year and +28.4% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($1,894 on the typical home), versus 0.71% statewide.
Mortgage on the typical Lancaster County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $79,486 | $317,943 | $2,139 | $0 | $357 | $2,495 | $106,900 |
| 10% down | $39,743 | $357,686 | $2,406 | $149 | $357 | $2,912 | $124,800 |
| 5% down | $19,871 | $377,557 | $2,540 | $157 | $357 | $3,054 | $130,900 |
| 3.5% down (FHA) | $13,910 | $390,230 | $2,625 | $176 | $357 | $3,157 | $135,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Henrico County | $397,454 | +1.8% | 0.71% |
| Warren County | $394,470 | +3.0% | 0.52% |
| Suffolk City | $387,665 | +2.8% | 0.93% |
| Chesterfield County | $410,086 | +2.6% | 0.76% |
| Isle of Wight County | $383,688 | +2.2% | 0.7% |
| Greene County | $382,417 | +1.2% | 0.61% |
| Orange County | $380,385 | +1.8% | 0.55% |
| Williamsburg City | $414,600 | +3.4% | 0.59% |
| Middlesex County | $380,242 | +1.2% | 0.5% |
| Gloucester County | $375,131 | +4.0% | 0.57% |
Frequently asked questions
What is the average home price in Lancaster County, VA?
The typical home value in Lancaster County is $397,428 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lancaster County?
About $106,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lancaster County?
The median effective rate is 0.48% of home value a year (Census ACS 2024 5-year estimates).