ZIP Code Market Report
22844 — New Market, VA
Data through February 2026 · Updated monthly
Avg Home Value
$326,484
▼ 0.3% year-over-year
Month-over-Month
+0.0%
▲ 0.0%
Single Family
$326,945
Condo / Co-op
--
The average home value in the 22844 ZIP code (New Market, VIRGINIA) is $326,484 as of February 2026. Home prices are stable, down 0.3% compared to last year.
A 3-bedroom home in 22844 is valued at $351,693.
The market in 22844 has a $248,497 spread between bottom-tier homes at $228,044 and top-tier homes at $476,540. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Shenandoah County market area in VIRGINIA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Shenandoah County report.
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Market Snapshot
22844 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $328,013 | $326,462 | $326,484 | ▼ 0.5% |
| Single Family Value | $325,498 | $326,132 | $326,945 | ▲ 0.4% |
Home Values
22844 Home Value Trend
Historical home values for ZIP code 22844. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 22844
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $235,992 |
| 3 Bedrooms | $351,693 |
| 4 Bedrooms | $407,295 |
Property Types
Home Values by Property Type in 22844
How different property types compare in this ZIP code.
All Homes
$326,484
Single Family
$326,945
Bottom Tier
$228,044
Top Tier
$476,540
Data Sources and Methodology
Home value data for ZIP code 22844 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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