57Alpha

Harrisonburg, VA Housing Market Brief

county · VA · as of July 2026

Balanced

What is Harrisonburg, VA’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
60
Inventory Health25%
70
Affordability20%
34
Economic Strength20%
52
Rental Yield15%
66

Where is Harrisonburg, VA in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Harrisonburg, VA is classified as Growing strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Harrisonburg, VA?

Our model forecasts Harrisonburg, VA’s home prices to rise about 11.7% over the next 12 months (medium confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Harrisonburg, VA housing market data

MetricValueYoY
Median Sale Price$290K-6.6%
Median Days on Market13 days▲ +116.7%
Months of Supply1.2-25%
Homes for Sale34-17.1%
Homes Sold28▲ +7.7%
Median Price / Sq Ft$213▲ +15.7%

How has Harrisonburg, VA’s Alpha Score moved?

Now: 57
12-period trend
Median sale price · 12 mo

Markets like Harrisonburg, VA

Frequently asked questions

Is Harrisonburg, VA a buyer's or seller's market?

As of July 2026, Harrisonburg, VA is classified as a Balanced Market, based on its Alpha Score of 57 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Harrisonburg, VA?

The median sale price in Harrisonburg, VA is $290K, having fallen 6.6% over the past year.

How affordable is Harrisonburg, VA?

Harrisonburg, VA scores 34 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Harrisonburg, VA's Alpha Score?

Harrisonburg, VA's strongest dimension is Inventory Health (70/100) and its weakest is Affordability (34/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Harrisonburg, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.