States · Virginia · Madison County

Banco, Virginia.

Typical home $421,751 (+6.2% in a year). Washington-Arlington-Alexandria, DC-VA-MD-WV metro.

What it costs per month · Banco $2,214/mo

to buy the typical home at today's mortgage rate — +$1,269 (+134%) since Jan 2020.

What the home itself did
1 year
Up $24,589 +6%
$397,162$421,751 since Sep 2025
5 years
Up $91,304 +28%
$330,447$421,751 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Banco $2,214 Virginia $2,164 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Banco$2,214
  • Virginia$2,164
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 14 years.

Typical home values in Banco, VA rose 6.2% over the past year — faster than the nation's +1.2%.

Living in Banco, Madison County, Virginia

The Census does not count Banco on its own, so the figures here are Madison County's. Half the county's households earn more than $84,323 a year and half less; 11% of the county's people live below the poverty line. 78% of the county's homes are lived in by their owners and 22% are rented. Unemployment in Madison County was 3.0% in August 2026, and the county had 0.1% more jobs in 2025 than the year before. The most people in Madison County work in schools and health care, then shops.

People 14,000 about, in Madison County: the Census does not count Banco on its own
Household income $84,323 the median in Madison County, give or take $8,904
Unemployment 3.0% Madison County, August 2026; 3.0% a year before
Homes 78% lived in by their owners; 22% rented

Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Banco is in Madison County, Virginia, where most homes are lived in by their owners and residents tend to stay put. Winters are cold, with January nights well below freezing, and summers are warm. The county's median age is on the older side, and its incomes are modest, so the place suits people who value quiet and space over a busy town life.

Work. Many residents work in schools, hospitals and social care, or in shops and local stores. Others work in professional and business services, or in the building trades. Unemployment has held steady across the county over the past year, and job numbers have changed very little. Relatively few people work from home, so most people commute to a workplace, and the typical trip takes a short while.

Things to do. Shenandoah National Park is one of the best known parks in the region and sits a short drive away. Luray Caverns, a tourist attraction, is a longer drive but well worth the trip for a day out. The Rose River runs in or beside the town, so a walk along its banks is never far off.

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  • 5,482households
  • 46.4median age
  • 27%of adults have a degree
  • 11%below the poverty line
  • 29 mintypical commute
  • 12%work from home

What people in Madison County work in

  • Schools, hospitals and social care24%
  • Shops (retail)15%
  • Professional and business services12%
  • Building trades11%
  • Restaurants, hotels and entertainment6%
  • Government6%

Employed residents by industry, from the Census survey. Madison County had 3,099 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 36° and 19°; warmest in July, 75° and 59° 20° 40° 60° 80° J 36° 19° F M A M J J 75° 59° A S O N D
Average daily high and low for each month: coldest in January, 36° and 19°; warmest in July, 75° and 59° 20° 40° 60° 80° J 36° 19° F M A M J J 75° 59° A S O N D

Coldest in January, with highs near 36° and lows near 19°; warmest in July, with highs near 75° and lows near 59°.

Average daily high and low, 1991–2020, at the Big Meadows weather station, 10 miles away (NOAA).

Largest workplaces in Madison County

  1. Madison County Public SchoolsSchool district308FTE
  2. Cardinal Home CenterHome centers, building materials135
  3. Madison Wood PreserversTreating wood products with creosote or other preservatives110
  4. Madison County WinesVineyard91
  5. Food LionGrocery stores74
  6. National Park ServiceFederal government · Department of the Interior72
  7. Duct-rite MechanicalHeating, ventilation and air-conditioning contractors35

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 445 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

FEMA rates every natural hazard here relatively low or very low.

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Madison County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.

Banco home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 2018 2020 2022 2024 2026 Banco $421,751 Virginia $412,252 United States $366,157
$250,000 $300,000 $350,000 $400,000 2018 2022 2026
  • Banco$421,751
  • Virginia$412,252
  • United States$366,157

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Zip codes with a Banco address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Banco — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zillow publishes no zip-level series with this city on the address.