Total monthly cost of ownership
Cost to Own a Home in Abingdon, Virginia
A $218,000 home here costs
$1,710per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,121. The real number is $590 higher every month — 53% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Abingdon against Washington County and Virginia
| Measure | Abingdon | Washington County |
|---|---|---|
| Median home value | $217,700 | $201,800 |
| Median property tax | $1,534 | $1,038 |
| Effective tax rate | 0.705% | 0.514% |
| Median gross rent | $794 | $832 |
| Population | 8,332 | 53,913 |
The weather behind that power bill
Abingdon sits in Washington County, which averages a high of 84.7°F in its hottest month and a low of 24.1°F in its coldest, with 47.27" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 870 cooling and 4,610 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Abingdon?
A $218,000 home in Abingdon, Virginia costs approximately $1,710 per month with 20% down at 6.66%. That is $1,121 principal and interest, $128 property tax, $54 homeowners insurance, $226 utilities and $182 set aside for maintenance.
What is the property tax rate in Abingdon?
Abingdon has an effective property tax rate of 0.705%, based on a median home value of $217,700 and median real estate taxes of $1,534. That is higher than the Washington County average of 0.514%.
What is the average home price in Abingdon?
The median owner-occupied home value in Abingdon, Virginia is $217,700, against $201,800 across Washington County.
Is it cheaper to rent or buy in Abingdon?
Median gross rent in Abingdon is $794 a month, against $1,710 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Abingdon — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Virginia.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.