State data
Virginia Mortgage Calculator
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Estimated monthly payment
$0/month
& interest
- Principal & interest$0
- Property tax$0
- Home insurance$0
- HOA dues$0
- Mortgage insurance (PMI)$0
- Total interest over the loan
- $0
- Paid off
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Loan balance over time
| Year | Principal | Interest | Balance |
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Monthly payment
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Typical monthly cost of the median home in Virginia
Principal and interest
$2,100
$306,960 loan at 7.28%, 30 years
Property tax
$253
0.79% of $383,700 a year
Together
$2,353
before insurance, HOA and PMI
That is about 30% of the median household income in Virginia ($93,170 a year), before insurance and other costs.
Counties in Virginia
Property tax rates and home values differ by county. Payment is principal, interest and property tax on the median home.
| County | Median home | Tax rate | Payment |
|---|---|---|---|
| Fairfax County | $732,800 | 0.99% | $4,616 |
| Prince William County | $530,100 | 0.94% | $3,317 |
| Virginia Beach city | $382,500 | 0.78% | $2,342 |
| Loudoun County | $743,800 | 0.86% | $4,604 |
| Chesterfield County | $366,000 | 0.76% | $2,235 |
| Henrico County | $359,200 | 0.70% | $2,176 |
| Chesapeake city | $378,400 | 0.82% | $2,330 |
| Arlington County | $895,000 | 0.90% | $5,570 |
| Norfolk city | $289,900 | 1.00% | $1,828 |
| Richmond city | $353,000 | 0.90% | $2,197 |
| Newport News city | $260,600 | 1.01% | $1,646 |
| Stafford County | $485,100 | 0.72% | $2,946 |
High-cost counties with higher loan limits
Most Virginia counties use the $832,750 one-unit conforming limit. These counties have a higher limit:
- Fairfax County$1,249,125
- Prince William County$1,249,125
- Loudoun County$1,249,125
- Arlington County$1,249,125
- Stafford County$1,249,125
- Alexandria city$1,249,125
- Spotsylvania County$1,249,125
- Fauquier County$1,249,125
Frequently asked questions
What is the property tax rate in Virginia?
Using Census Bureau medians, homeowners with a mortgage in Virginia pay about $3,014 a year in property tax on a median home value of $383,700, an effective rate of 0.79%. That ranks 32 of 51 (the states and DC, highest first) and is below the U.S. median of 1.05%. Rates vary by county and city, and your bill depends on the assessed value and any exemptions.
How much is the monthly payment on a median-priced home in Virginia?
On a $383,700 home with 20% down and a 30-year loan at 7.28% (the Freddie Mac weekly average), principal and interest is about $2,100 a month and property tax about $253, so roughly $2,353 before homeowners insurance, HOA dues and mortgage insurance.
What is the conforming loan limit in Virginia?
Most counties in Virginia have a one-unit conforming loan limit of $832,750, set by the Federal Housing Finance Agency. Higher limits apply in high-cost counties such as Fairfax County ($1,249,125), Prince William County ($1,249,125), Loudoun County ($1,249,125). Loans above the limit are jumbo loans, which can have different rates and down payment rules.
Where do these numbers come from?
Home values, property taxes and incomes are U.S. Census Bureau American Community Survey 5-year medians. Loan limits come from the Federal Housing Finance Agency and rates from Freddie Mac. The methodology page lists each source and when it was retrieved.
Data and method. Home values, property taxes and incomes: U.S. Census Bureau, ACS 2024 5-year (2020-2024) (medians, with sampling error; property tax is for owners with a mortgage). Loan limits: FHFA. Rates: Freddie Mac weekly average as of October 1, 2026. Retrieved October 1, 2026. Payment figures assume 20% down, a 30-year fixed loan, and exclude insurance, HOA dues and mortgage insurance. Estimates only; see the methodology.