Total monthly cost of ownership
Cost to Own a Home in Bensley, Virginia
A $199,000 home here costs
$1,690per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,085. The real number is $605 higher every month, 56% more than the payment most buyers budget for.
Compare Chesterfield County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bensley against Chesterfield County and Virginia
| Measure | Bensley | Chesterfield County |
|---|---|---|
| Median home value | $199,100 | $336,700 |
| Median property tax | $1,683 | $2,636 |
| Effective tax rate | 0.845% | 0.783% |
| Median gross rent | $1,183 | $1,542 |
| Population | 5,819 | 371,610 |
The weather behind that power bill
Bensley sits in Chesterfield County, which averages a high of 89.5°F in its hottest month and a low of 28.8°F in its coldest, with 45.5" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,561 cooling and 3,736 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Chesterfield County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chesterfield County
Full Chesterfield County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Bensley 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 Bensley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bensley I already own here and may sell
Common questions
How much does it cost to own a home in Bensley?
A $199,000 home in Bensley, Virginia costs approximately $1,690 per month with 20% down at 7.24%. That is $1,085 principal and interest, $140 property tax, $49 homeowners insurance, $250 utilities and $166 set aside for maintenance.
What is the property tax rate in Bensley?
Bensley has an effective property tax rate of 0.845%, based on a median home value of $199,100 and median real estate taxes of $1,683. That is higher than the Chesterfield County average of 0.783%.
What is the average home price in Bensley?
The median owner-occupied home value in Bensley, Virginia is $199,100, against $336,700 across Chesterfield County.
Is it cheaper to rent or buy in Bensley?
Median gross rent in Bensley is $1,183 a month, against $1,690 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 Bensley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bensley, Virginia at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,690 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bensley, 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.