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Cost of homeownership in Charlotte County, Virginia

Real dollar cost of ownership, rent-vs-buy analysis, and flood risk, backed by Census ACS, FEMA, and FHFA data. Population: 11,563.

Median home value
$137,000
Median property tax
$683
Monthly owner cost
$1,153
with mortgage
Affordability (cost % of income)
13.6%

Total annual ownership cost

Breakdown of what owning a typical home in Charlotte County costs each year.

  • Property taxes$683
  • Insurance estimate$1,500
  • Utilities / energy$1,650
  • Maintenance (1% of value)$1,370
  • Total$5,203/yr · $434/mo

Insurance and energy figures typically vary by property. Adjust in the calculators for a personalized estimate.

Total
$5,203
/ year

Rent vs. buy in Charlotte County

Pre-filled with local median home value, median gross rent (Census ACS / HUD FMR), and current FRED rate.

Home price trend in Virginia

FHFA House Price Index, quarterly.

vs. Virginia average
Home value below state average.
Property tax below state average.
Homeownership
69.1%

Share of units owner-occupied (Census ACS).

Median household income
$51,548

Census ACS 5-year estimate.

Housing cost burden in Charlotte County

Share of households paying 30% or more of income on housing (HUD CHAS 2017-2021). HUD does not publish county-level CHAS rollups through the public API, so Virginia state data is shown for local context alongside the US average.

Virginia: 30%+ cost burdened
40.0%
2,164,965 households surveyed
Virginia: severely burdened (50%+)
17.6%
Paying at least half of income on housing.
Owner vs renter burden
Owner 30%+: 29.5%
Renter 30%+: 26.1%
Renters typically carry a heavier cost burden than owners with a fixed-rate mortgage.

Affordability by income bracket

Monthly 30% housing budget at each income vs the median owner cost in Charlotte County. Bars above the dashed line can absorb this county's typical ownership cost.

HUD area median income (4-person household) for Virginia: $118,800. Income limits define 80% AMI at $95,050 and 50% AMI at $59,400.

Frequently asked questions

How much does it cost to own a home in Charlotte County?

Based on Census ACS, typical total annual cost in Charlotte County is around $5,203 ($434 per month), covering property tax, insurance estimate, utilities, and 1% maintenance. Your actual cost varies by home age, size, and location within the county.

What is the property tax in Charlotte County?

Median annual property tax is $683 on the county's median home value of $137,000 (Census ACS).

Is it cheaper to rent or buy in Charlotte County?

Annual ownership cost is roughly 41% lower than annual rent at the county's median. Use the calculator below to model your specific situation.

What is the flood risk in Charlotte County?

FEMA NFIP data for Charlotte County is pending.

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.