Total monthly cost of ownership
Cost to Own a Home in Belmont Estates, Virginia
A $398,000 home here costs
$2,866per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,046. The real number is $820 higher every month — 40% 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.
Belmont Estates against Rockingham County and Virginia
| Measure | Belmont Estates | Rockingham County |
|---|---|---|
| Median home value | $398,000 | $287,900 |
| Median property tax | $1,965 | $1,532 |
| Effective tax rate | 0.494% | 0.532% |
| Median gross rent | — | $1,125 |
| Population | 1,037 | 84,739 |
The weather behind that power bill
Belmont Estates sits in Rockingham County, which averages a high of 86.0°F in its hottest month and a low of 22.7°F in its coldest, with 39" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 947 cooling and 5,061 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Rockingham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rockingham County
Full Rockingham County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Belmont Estates?
A $398,000 home in Belmont Estates, Virginia costs approximately $2,866 per month with 20% down at 6.66%. That is $2,046 principal and interest, $164 property tax, $98 homeowners insurance, $226 utilities and $332 set aside for maintenance.
What is the property tax rate in Belmont Estates?
Belmont Estates has an effective property tax rate of 0.494%, based on a median home value of $398,000 and median real estate taxes of $1,965. That is lower than the Rockingham County average of 0.532%.
What is the average home price in Belmont Estates?
The median owner-occupied home value in Belmont Estates, Virginia is $398,000, against $287,900 across Rockingham County.
Is it cheaper to rent or buy in Belmont Estates?
Rent data is not published for Belmont Estates at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Belmont Estates — 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.