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Cost of homeownership in Virginia

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$261,678
Avg property tax
$1,894
Homeownership rate
70.3%
1yr appreciation
3.2%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Falls Church city$938,500
  2. 2.Arlington County$833,300
  3. 3.Fairfax County$666,900
  4. 4.Loudoun County$657,000
  5. 5.Alexandria city$655,700
  6. 6.Fairfax city$649,600
  7. 7.Rappahannock County$509,500
  8. 8.Fauquier County$501,200
  9. 9.Clarke County$496,600
  10. 10.Prince William County$472,000

Most affordable counties

  1. 1.Bland County9.0%
  2. 2.Russell County11.9%
  3. 3.Lee County11.9%
  4. 4.Buchanan County12.0%
  5. 5.Wythe County12.1%
  6. 6.Lexington city12.1%
  7. 7.Highland County12.2%
  8. 8.Patrick County12.3%
  9. 9.Norton city12.4%
  10. 10.Grayson County12.5%
Avg electricity
15.3¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,650

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Virginia

Frequently asked questions

How much does it cost to own a home in Virginia?

Based on Census ACS, the state average home value in Virginia is $261,678, with median annual property tax around $1,894. Your actual cost depends on county and property.

What is the property tax in Virginia?

Property tax rates vary by county. Virginia's state average sits at roughly $1,894 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Virginia?

FHFA House Price Index data shows Virginia appreciating 3.2% over the last year and 44.3% over the last five years.

Is homeownership high in Virginia?

Virginia's homeownership rate is 70.3% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.