The story of this market
The typical home in Isle of Wight County, Virginia sells for about $411,000, or $208 per square foot.
Prices are down 11.5% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. Over the long run, values in this county have grown 125% since 2000. Last year 6 of 9 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,667 a month.
HUD sets the fair market rent for a 2-bedroom at $1,667 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+21.7%). Worst: 2009 (-5.6%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,298
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1%
2025 change
FHFA repeat-sales index, median of 9 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
52
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $15,002,253.
Mortgage activity
Home lending in this county
78.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1895 | 953 | 78.6% | 3.3% | $310,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Isle of Wight County, Virginia
The Isle of Wight housing market shows signs of cooling with a significant year-over-year decline in median sale prices. Inventory remains moderate, and the market is currently characterized by longer days on market compared to broader regional trends.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 5 cities · 11 ZIP reports
Median prices moved up 0.6% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.01% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 8.5% — a stable, low-distress profile.
Deterministic aggregate of 6 researched ZIP reports of 11 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 29
researched Sep 29
researched Oct 16
researched Oct 16
researched Sep 29
researched Sep 29
researched Sep 29
researched Oct 16
researched Oct 1
researched Oct 1
| 23304 | Battery Park | $439,000 | $254 | — | 13 | — | — | — | 10 | $1,620 | researched Sep 29 |
| 23314 | Carrollton | $371,400 | $213 | +2% | 56 | — | — | — | 45 | $1,742 | researched Sep 29 |
| 23397 | — | — | — | — | — | — | — | — | — | — | researched Oct 16 |
| 23430 | Smithfield | $480,000 | $221 | — | 52 | — | — | — | 157 | — | researched Oct 16 |
| 23431 | Smithfield | — | — | — | — | — | — | — | — | — | researched Sep 29 |
| 23432 | Smithfield | $111,856 | $277 | — | 43 | — | — | — | 9 | $652 | researched Sep 29 |
| 23433 | Suffolk | $568,153 | $201 | -4.9% | 46 | 98.2% | 12% | 8.4 | 117 | $3,501 | researched Sep 29 |
| 23434 | Suffolk | $345,000 | $200 | +2.5% | 49 | 98.5% | 16.7% | 11 | 33 | $2,047 | researched Oct 16 |
| 23435 | Suffolk | $427,000 | $185 | -7.1% | 35 | 98.5% | 15% | 3 | 360 | $1,839 | researched Oct 1 |
| 23487 | Windsor | $348,000 | $210 | — | 57 | — | — | — | 23 | $1,173 | researched Oct 1 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county maintains a steady economic base with a focus on residential development and local industry, supported by its proximity to the Hampton Roads metro area.
Property taxes are assessed by the county based on fair market value; specific rates and exemptions are determined by the Isle of Wight County Board of Supervisors.
The economy is anchored by a mix of residential growth and local industry, with an unemployment rate of 3.6% as of July 2026.
Data sourced from U.S. Census Bureau and Isle of Wight Department of Economic Development.