51Alpha

Harrisonburg, VA metro area Housing Market Brief

metro · as of May 2026

Balanced

What is Harrisonburg, VA metro area’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%
+4.256
Inventory Health25%
+2.678
Affordability20%
23
Economic Strength20%
No data
50
Rental Yield15%
41

Where is Harrisonburg, VA metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

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

Harrisonburg, VA metro area housing market data

MetricValueYoY
Median Sale Price$335K-6.8%
Median Days on Market17 days▲ +70%
Months of Supply1.4-30%
Homes for Sale170-37.5%
Homes Sold123-10.2%
Median Price / Sq Ft$208▲ +1.1%
Sale-to-List Ratio99.5%-1%

How has Harrisonburg, VA metro area’s Alpha Score moved?

Now: 51
4-period trend
Median sale price · 12 mo

Markets like Harrisonburg, VA metro area

Frequently asked questions

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

As of May 2026, Harrisonburg, VA metro area is classified as a Balanced Market, based on its Alpha Score of 51 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Harrisonburg, VA metro area?

The median sale price in Harrisonburg, VA metro area is $335K, having fallen 6.8% over the past year.

How affordable is Harrisonburg, VA metro area?

Harrisonburg, VA metro area scores 23 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

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

Harrisonburg, VA metro area's strongest dimension is Inventory Health (78/100) and its weakest is Affordability (23/100). The Alpha Score is a weighted blend of all five dimensions.

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