What is the average mortgage rate in Virginia in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Virginia 2026
Virginia has a competitive housing market with an average home value of $409,382 in 2026, driven largely by demand in Northern Virginia near Washington D.C. Virginia has no statewide real estate transfer tax, though local recordation fees apply.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Virginia. Not financial advice.
Virginia at a glance
- Average home price: $409,382
- State income tax: Yes (5.75% top rate)
- Land transfer tax: No statewide transfer tax (local recordation fees may apply)
- Typical monthly payment: $2,281/mo on $409,382 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Virginia have a real estate transfer tax?
No statewide transfer tax; however, local recordation taxes and fees apply at closing and vary by jurisdiction.
What is the average home price in Virginia in 2026?
$409,382 statewide; Northern Virginia significantly higher at $700,000+.
How much do I need to earn to afford a home in Virginia?
To afford $409,382 with 20% down at 7.46%, you need approximately $95,000–$100,000 annual income.
Virginia mortgage calculator · Educational reference only. Not financial or lending advice.