Virginia · as of September 2026

What counts as luxury real estate in Virginia

The convention this site uses

In Virginia, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.

Virginia's luxury markets by home value

Zillow Home Value Index, typical middle-tier home, latest month.

Market	Median value	YoY	Ranked agents
Great Falls	$1,693,000	+2.3%	10
McLean	$1,460,000	+2.5%	10
Middleburg	$1,171,000	+4.8%	10
Vienna	$1,165,000	+2.0%	10
Oakton	$1,097,000	+2.3%	10
The Plains	$988,000	+7.3%	10
Alexandria	$620,000	—	10
Charlottesville	$400,000	—	10
Virginia Beach	$345,000	—	11
Richmond	$335,000	—	10

What changes at this price in Virginia

Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.

Transfer and mansion taxes: Virginia charges a state recordation tax of $0.25 per $100 of value paid by the buyer, localities may add up to one third of the state rate, and the seller pays a grantor tax of $0.50 per $500 plus a regional transportation fee in Northern Virginia. Source
Agency and dual agency: Virginia permits dual agency and designated agency only with the written consent of both buyer and seller after disclosure of the dual representation. Source
Seller disclosure: Virginia's Residential Property Disclosure Act is a buyer-beware regime. Sellers deliver a disclosure statement that mostly advises buyers to exercise due diligence, and only a short list of specific conditions must be affirmatively disclosed. Source
State estate or inheritance tax: Virginia levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source