🏦 Mortgage Calculators Virginia

How Much House Can I Afford in Virginia?

Find out how much house you can afford in Virginia with 0.82% property tax. Uses 28/36 rule with Virginia-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Virginia Quick Facts

5.8% Income Tax Rate

0.82% Property Tax Rate

$80,615 Median Income

103.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Virginia using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Virginia's effective property tax rate of 0.82% and average home insurance of $1,550/year. Median home price in Virginia: $380,000.

Key State Information

Virginia housing market: Median home price $380,000 | Property tax rate 0.82% | Avg home insurance $1,550/yr | Median household income $80,615. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Virginia?

With Virginia's median household income of $80,615 and a 10% down payment, you can typically afford a home priced around $282,153-$362,768 depending on debts and interest rates. The median home in Virginia costs $380,000.

What is the property tax rate in Virginia?

Virginia's effective property tax rate is 0.82%. On a $380,000 home, that's approximately $3,116/year or $260/month.