HY Vir is found to be a double-lined F0m+F5 binary star with relatively shallow (0.3mag) partial eclipses. Previous studies of the system are improved with 7509 differential photometric observations from the URSA WebScope and 8862 from the NFO (New Forest Observatory) WebScope, and 68 high-resolution spectroscopic observations from the Tennessee State University 2m automatic spectroscopic telescope, and the 1m coude-feed spectrometer at Kitt Peak National Observatory (KPNO). Very accurate (better than 0.5%) masses and radii are determined from analysis of the new light curves and radial velocity curves. Theoretical models match the absolute properties of the stars at an age of about 1.35Gy.