Markets/Virginia/Harrisonburg

Harrisonburg, VA Real Estate Market 2026

Investor-grade market analytics for Harrisonburg, Virginia. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$353,959

+3.2% year-over-year

Est. Rental Yield

6.1%

gross annual

12-Month Forecast

+3.2%

base case (Zillow ZHVF)

+3.2% year-over-year

Climate Risk

18/100

Very Low

Market Momentum

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Warm
1.4mo supply ยท Score +3/7

Net migration: Bottom 13% nationally

Income Migration

โžก๏ธ Neutral0.97x

In-migrants avg $49,632 AGI vs out-migrants $50,882

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Opportunity Zone Market

4 ZIP codes in Harrisonburg are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Harrisonburg Market Summary

Harrisonburg, VA shows steady growth at 3.2% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 4.91x, above the national average of 4.8x. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 6.07% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score73/100
Price-to-Income Ratio4.9x (national avg 4.8x)
Median Household Income$72,145

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.6%
Base Case+3.2%
Bull Case+4.8%

Climate & Natural Hazard Risk

Harrisonburg, VA's primary climate exposure is wind storms (50/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Harrisonburg dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.