State Guide
Virginia Homebuyer & Homeowner Resources
Real numbers for buying and owning a home in Virginia — taxes, true monthly costs, closing costs, first-time buyer programs, and a rent vs. buy analysis built on local data.
Updated 2026-Q2 · Source citations on every data point
Virginia guides
True Cost of Owning a Home in Virginia (2026)
Every monthly cost beyond the mortgage — taxes, insurance, maintenance, HOA, and utilities. Pre-seeded calculator shows your actual number.
true monthly cost at median
$3,282/mo
First-Time Homebuyer Programs in Virginia (2026)
State assistance programs, DPA grants, and the real math on what each program saves on your monthly payment.
active assistance programs
2 programs
Closing Costs in Virginia (2026): What You'll Pay at the Table
Full itemized breakdown of what you'll pay at the table — transfer taxes, title fees, attorney costs, and what's actually negotiable.
avg total closing costs
$13,078
Property Tax in Virginia (2026): Rates, Exemptions, and Real Numbers
Effective rates, county-by-county variation, homestead exemptions, and a step-by-step guide to appealing your assessment.
effective property tax rate
0.82%
Rent vs. Buy in Virginia (2026): When Buying Actually Makes Sense
Price-to-rent ratio by city, break-even timeline, and which specific markets in the state favor buying vs. renting.
price-to-rent ratio
19.3
Home Insurance Costs in Virginia (2026): What Buyers Actually Pay
Average premiums, county-level variation, risk factors that move your rate, and what to do if insurers won't cover your home.
avg annual home insurance
$1,500/yr
Salary Needed to Buy a Home in Virginia (2026): Real Income Math
The income math behind homeownership — required salary at 20% and 10% down, the affordability gap, and where in the state you can actually afford to buy.
income needed (20% down)
$100,239/yr
Down Payment Assistance in Virginia (2026): Grants, Loans & How to Qualify
Grants, forgivable loans, and deferred DPA available to buyers — with income limits, purchase price caps, and how to stack programs for maximum benefit.
max primary DPA available
$9,625
HOA Costs in Virginia (2026): What Buyers Need to Know Before They Close
What HOA fees actually cost, state law that governs them, what to check before closing, and how they factor into your mortgage qualification.
avg single-family HOA fee
$155/mo
Flood Insurance in Virginia (2026): Cost, Requirements & Risk Zones
NFIP vs. private coverage, when lenders require it, what Risk Rating 2.0 means for your premium, and how to factor it into your total housing budget.
avg annual NFIP premium
$1,087/yr
Mortgage Payments by Price in Virginia
Full PITI breakdown — principal, interest, tax, and insurance — for 8 home prices from $200K to $750K in Virginia.
price points covered
8 prices
Quick estimate
Mortgage payment on a Virginia median-priced home
Median price
$421,882
Down payment
20% ($84,376)
Rate (30-yr)
6.40%
P&I payment
$2,108/mo
That P&I covers 64% of your true monthly cost. The remaining $1,174/mo goes to taxes, insurance, and maintenance. See the full breakdown → · See this payment by price point →
Use mortgage calculator →Note: These calculations are for educational purposes — always consult a licensed professional before making financial decisions.
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