Total monthly cost of ownership
Cost to Own a Home in Belmont Estates, Virginia
A $398,000 home here costs
$3,013per 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 $129,000 a year.
A standard mortgage calculator would have told you $2,170. The real number is $843 higher every month, 39% more than the payment most buyers budget for.
Compare Rockingham County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Belmont Estates from a five-year rolling sample, and with about 1,037 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 Rockingham 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.
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 $182 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
Talk to someone who works this market
These are Belmont Estates 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 Belmont Estates every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Belmont Estates I already own here and may sell
Common questions
How much does it cost to own a home in Belmont Estates?
A $398,000 home in Belmont Estates, Virginia costs approximately $3,013 per month with 20% down at 7.24%. That is $2,170 principal and interest, $164 property tax, $98 homeowners insurance, $250 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.
What salary do you need to buy a home in Belmont Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Belmont Estates, Virginia at today's rate takes a household income of roughly $129,000 a year. That covers the full $3,013 monthly cost, not just the mortgage payment.
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.