Lake of the Woods, VA Housing Market
AI-powered market intelligence for the Lake of the Woods, VA metro area.
PropertyIQ Scores
Lake of the Woods, VA Market Analysis
Market Overview
Lake of the Woods, VA is a moderate housing market, with a PropertyIQ Score of 56 out of 100. The score is most influenced by a median days on market of 50 days and a 21.3% share of listings with a price cut. The local median home value is $450,000, which is $35,338 above the state average of $414,662. Median household income is $94,008, just $838 above the state benchmark of $93,170, and the unemployment rate is 3.7%, matching the state.
The rental market is more affordable locally than statewide. The rent index is $1,205, compared with $1,579 across the state. That gap may help renters, but it also means rental income potential is weaker relative to home prices. There are 255 homes for sale, and the year-over-year home value change is a nominal -$3, indicating essentially flat prices. Population growth data is not available, so a key demand-side signal is missing.
Key Trends
First, home prices are above the state average but essentially flat. The median home value of $450,000 exceeds the state median of $414,662, yet the year-over-year change is -$3. That points to stability or slight softening rather than appreciation.
Second, sales activity is measured and sellers are adjusting prices. With 255 homes for sale, a median days on market of 50, and a 21.3% share of listings with a price cut, more than one in five sellers has reduced asking price. These are the top score drivers, and they suggest buyers have some leverage.
Third, affordability is tighter than the state average. Median household
AI-generated analysis based on current market data. Last updated October 4, 2026.
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Lake of the Woods, VA market data
Lake of the Woods, VA Housing Market Overview
Lake of the Woods, VA's median home value is $337K. Homes here sell in a median 50 days. Its PropertyIQ Score of 56 sits right around the state average of 50.
The Lake of the Woods, VA metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
The South Atlantic region continues to attract domestic migration with its combination of job growth, favorable tax environments, and year-round climate. Markets range from rapidly appreciating tech corridors to established retirement destinations with strong rental demand. Within the South Atlantic, Lake of the Woods, VA's PropertyIQ Score of 56 tracks near the South Atlantic norm.
Each month, PropertyIQ updates its score for Lake of the Woods, VA using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.
Explore the interactive map to see how Lake of the Woods, VA compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Lake of the Woods, VA metro area
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Lake of the Woods, VA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Lake of the Woods, VA currently scores 56, a steady-momentum reading that leaves it tracking close to its state average. For buyers, a balanced market means neither side holds a decisive edge, giving you time to shop carefully without racing the clock. Backing that up, the median home value here is $337K. So whether Lake of the Woods, VA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Lake of the Woods, VA?
Lake of the Woods, VA's PropertyIQ Score is 56, indicating steady momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 56 places Lake of the Woods, VA above its state benchmark.
How quickly do homes sell in Lake of the Woods, VA?
In Lake of the Woods, VA, homes sell in a median of 50 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Lake of the Woods, VA market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.