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Featured local agent — Apple Mountain Lake, VA
Sarah Mitchell
Compass Real Estate · Apple Mountain Lake, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Apple Mountain Lake, VA Housing Market
The last median sale price Redfin published was $475,000, +64.9% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 26 days, Apple Mountain Lake is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $475,000 home is about $2,536/mo in principal and interest.
Key numbers for Apple Mountain Lake, VA
Median sale price
$475,000
+64.9% year over year
Redfin, through April 2026
Days on market
26
Average pace
Redfin, through April 2026
Active listings
4
2.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$127,321
Home costs 3.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.3%
Selling above asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Apple Mountain Lake a buyer's or seller's market?
Apple Mountain Lake, VA is a strong seller's market, based on 2.0 months of supply and homes selling in about 26 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Apple Mountain Lake housing market data show?
Every row below is Redfin's final published month for Apple Mountain Lake, VA. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $457,450 |
| Year-over-year price change | +64.9% |
| Median price per sq ft | $202/sq ft |
| Median days on market | 26 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 103.3% |
| Homes sold (that month) | 2 |
| New listings (that month) | 4 |
| Listings with a price cut | 25.0% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Apple Mountain Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Apple Mountain Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Apple Mountain Lake home prices moved?
Over the last three years the median sale price in Apple Mountain Lake, VA rose 66.7%, from $285,000 to $475,000. 25.0% of Apple Mountain Lake listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 103.3%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Apple Mountain Lake?
Priced off the median sale price of $475,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $95,000 | $380,000 | $2,536/mo |
| 5% | $23,750 | $451,250 | $3,011/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,536, that implies roughly $108,678 a year before you add taxes and insurance. The median household in Apple Mountain Lake earns $127,321, about $18,643 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.7x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Apple Mountain Lake in the next 12 months?
Tell us your timeline. We send the Apple Mountain Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Apple Mountain Lake?
Zillow does not publish a rent index (ZORI) for Apple Mountain Lake, VA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Apple Mountain Lake?
Active listings in Apple Mountain Lake, VA went from 5 in November 2024 to 4 in April 2026, a -20.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| December 2024 | 2 | not published |
| March 2025 | 6 | 2 |
| April 2025 | 5 | 2 |
| May 2025 | 4 | 1 |
| June 2025 | 4 | 2 |
| July 2025 | 4 | 1 |
| August 2025 | 4 | 2 |
| September 2025 | 4 | 2 |
| October 2025 | 4 | 2 |
| November 2025 | 5 | 4 |
| December 2025 | 4 | not published |
| April 2026 | 4 | 4 |
Redfin, through April 2026
How does Apple Mountain Lake compare to Virginia and the U.S.?
Apple Mountain Lake homes sell for $475,000 — 5% below the Virginia median of $499,300. Against the national median of $410,700, Apple Mountain Lake runs 16% higher. Year-over-year, Apple Mountain Lake moved +64.9% against Virginia's +3.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Apple Mountain Lake, VA | $475,000 | +64.9% | 26 days |
| Virginia statewide | $499,300 | +3.9% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Apple Mountain Lake
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $475 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $475,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Apple Mountain Lake listing goes under contract in 26 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Apple Mountain Lake added 4 new listings against 2 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Apple Mountain Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Apple Mountain Lake
There are currently 4 homes listed for sale in Apple Mountain Lake, Virginia. The median listing price is $457K.
Active listings
4
Homes on market
Median list price
$457K
Avg. days on market
26
Days until sale
New this week
4
Newly listed
How much do homes cost in Apple Mountain Lake by property type?
How the Apple Mountain Lake, VA market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $475,000 | $202/sq ft | 2 | 26 days |
Who lives in Apple Mountain Lake?
American Community Survey estimates for Apple Mountain Lake. U.S. Census ACS, 2023
Population
1,801
Households
581
Median income
$127,321/yr
Median age
39 years
Owner-occupied
83.6%
Median home value
$370,600
Median gross rent
$1,675/mo
Mean commute
44.3 min
83.6% of occupied homes in Apple Mountain Lake are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Apple Mountain Lake, VA?
Ordered by distance from Apple Mountain Lake, not by size. Compare Apple Mountain Lake side by side with any of them.
Apple Mountain Lake housing market FAQ
Is Apple Mountain Lake a buyer's or seller's market?
Apple Mountain Lake, VA is currently a strong seller's market. That read comes from 2.0 months of supply, homes going under contract in about 26 days, and sellers getting 103.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Apple Mountain Lake?
The median sale price in the last month Redfin published was $475,000, about $202 per square foot.
Is Apple Mountain Lake cheaper than the rest of Virginia?
Apple Mountain Lake's median sale price of $475,000 is 5% lower than the Virginia statewide median of $499,300, and 16% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Apple Mountain Lake?
Homes in Apple Mountain Lake, VA spent a median of 26 days on market before going under contract, versus 28 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Apple Mountain Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $475,000 home is about $2,536 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $108,678 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $127,321.
Are home prices rising in Apple Mountain Lake?
Redfin's last published year-over-year change for Apple Mountain Lake, VA was +64.9%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Apple Mountain Lake?
Apple Mountain Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Apple Mountain Lake?
That depends on your timeline, not on a headline. What the data says today: Apple Mountain Lake, VA is a strong seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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