Total monthly cost of ownership
Cost to Own a Home in Apple Mountain Lake, Virginia
A $371,000 home here costs
$2,833per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $121,500 a year.
A standard mortgage calculator would have told you $2,023. The real number is $810 higher every month, 40% more than the payment most buyers budget for.
Compare Warren County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Apple Mountain Lake from a five-year rolling sample, and with about 1,801 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Warren County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Apple Mountain Lake against Warren County and Virginia
| Measure | Apple Mountain Lake | Warren County |
|---|---|---|
| Median home value | $370,600 | $315,800 |
| Median property tax | $1,916 | $1,850 |
| Effective tax rate | 0.517% | 0.586% |
| Median gross rent | $1,675 | $1,199 |
| Population | 1,801 | 41,104 |
The weather behind that power bill
Apple Mountain Lake sits in Warren County, which averages a high of 86.7°F in its hottest month and a low of 24.1°F in its coldest, with 43.37" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,013 cooling and 4,740 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Warren County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Warren County
Full Warren County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Apple Mountain Lake averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Apple Mountain Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Apple Mountain Lake I already own here and may sell
Common questions
How much does it cost to own a home in Apple Mountain Lake?
A $371,000 home in Apple Mountain Lake, Virginia costs approximately $2,833 per month with 20% down at 7.24%. That is $2,023 principal and interest, $160 property tax, $91 homeowners insurance, $250 utilities and $309 set aside for maintenance.
What is the property tax rate in Apple Mountain Lake?
Apple Mountain Lake has an effective property tax rate of 0.517%, based on a median home value of $370,600 and median real estate taxes of $1,916. That is lower than the Warren County average of 0.586%.
What is the average home price in Apple Mountain Lake?
The median owner-occupied home value in Apple Mountain Lake, Virginia is $370,600, against $315,800 across Warren County.
Is it cheaper to rent or buy in Apple Mountain Lake?
Median gross rent in Apple Mountain Lake is $1,675 a month, against $2,833 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Apple Mountain Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Apple Mountain Lake, Virginia at today's rate takes a household income of roughly $121,500 a year. That covers the full $2,833 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Apple Mountain Lake, 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.