The story of this market
The typical home in ZIP 22646 sells for about $394,950, or $285 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 22646 — Millwood
The housing market in 22646 remains stable with low inventory and steady demand for single-family homes. Prices have seen modest year-over-year growth, driven by the area's rural appeal and limited supply. Note that specific monthly closed sales counts and active listing figures are based on current market snapshots and may fluctuate due to the small sample size of this rural ZIP.
This ZIP is ideal for families and professionals seeking a rural lifestyle with proximity to Winchester, offering a quiet environment that appeals to those looking for space and historic character.
Median prices moved up 3.5% year over year.
Homes spend a median of 42 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 22646, Clarke County VA
Crime rates in Millwood are consistently low, reflecting the rural character of Clarke County and remaining well below regional averages for Northern Virginia.
Schools serving the area are part of the Clarke County Public Schools system, which is generally characterized by small class sizes and high community engagement.
The area is subject to standard regional risks including seasonal flooding near the Shenandoah River and occasional high-wind events; wildfire risk is considered low to moderate.
Economic momentum is driven by proximity to the Winchester employment hub and regional tourism, with limited large-scale commercial development within the ZIP itself.
Property taxes are assessed by Clarke County based on fair market value; the jurisdiction maintains a stable tax rate structure with no additional MUD or PID assessments common in urban growth zones.
Commuters primarily utilize US-50 and US-340 to reach employment centers in Winchester or the Northern Virginia/DC metro area, with average commute times exceeding 35 minutes.
The area features significant access to outdoor amenities including the Shenandoah River, local equestrian trails, and historic sites like the Burwell-Morgan Mill.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family supply and minimal short-term rental saturation.
The local economy is anchored by agriculture, tourism, and professional services, with many residents commuting to larger employment hubs in Winchester and Loudoun County.
Transportation is heavily reliant on private vehicles; there is no public transit infrastructure serving this rural ZIP code.
Development is strictly managed by Clarke County's rural preservation policies, limiting large-scale commercial or residential expansion.
Clarke County utilizes a biennial reassessment cycle to ensure property values reflect current market conditions.
Parcels are subject to standard county-level school and general service levies; no special utility districts are present.
Property insurance premiums are stable, though homeowners in proximity to the river may face higher flood insurance requirements.
Data retrieved from US Census Bureau ZCTA 22646 profile.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
A landmark 18th-century mill serving as a cultural anchor for the community.
Provides extensive opportunities for fishing, kayaking, and scenic recreation.
Key-figure check: median price diverges 58.2% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $625,000 (58.2% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration.