Is Rappahannock Academy, VA 22538 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Rappahannock Academy is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Rappahannock Academy housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Caroline County, VA

Population	348
Average income	$89,329
Median home value	$326,600
Owner-occupied	100% of homes
Median year built	1973

Natural hazard riskHurricanes (moderate), extreme heat (moderate), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 22538; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 22538

Prefilled for 22538Can I win this house?Multiple-offer likelihood for a listing Prefilled for 22538Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bowling Green 22427Seller’s market $214 /sq ft Milford 22514Seller’s market $213 /sq ft Port Royal 22535Buyer’s market $186 /sq ft Ruther Glen 22546Seller’s market $215 /sq ft Browse all markets →

Where Rappahannock Academy is

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Questions about Rappahannock Academy real estate

What are property taxes in Rappahannock Academy?

About 0.52% of a home’s value a year in Caroline County, or roughly $2,080 on a $400,000 home.

Local agents

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More tools for 22538

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Caroline County property taxes Caroline County loan limits Closing costs in Virginia Hottest ZIP codes in Virginia

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology