Total monthly cost of ownership
Cost to Own a Home in Berryville, Virginia
A $538,000 home here costs
$4,010per 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 $172,000 a year.
A standard mortgage calculator would have told you $2,933. The real number is $1,077 higher every month, 37% more than the payment most buyers budget for.
Compare Clarke County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Berryville from a five-year rolling sample, and with about 4,667 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 Clarke 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.
Berryville against Clarke County and Virginia
| Measure | Berryville | Clarke County |
|---|---|---|
| Median home value | $537,700 | $538,900 |
| Median property tax | $2,955 | $2,757 |
| Effective tax rate | 0.550% | 0.512% |
| Median gross rent | $1,328 | $1,360 |
| Population | 4,667 | 15,060 |
The weather behind that power bill
Berryville sits in Clarke County, which averages a high of 86.9°F in its hottest month and a low of 23.5°F in its coldest, with 38.97" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,013 cooling and 4,947 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Clarke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clarke County
No other places of this size are published in Clarke County.
Full Clarke County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Berryville 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 Berryville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Berryville I already own here and may sell
Common questions
How much does it cost to own a home in Berryville?
A $538,000 home in Berryville, Virginia costs approximately $4,010 per month with 20% down at 7.24%. That is $2,933 principal and interest, $247 property tax, $132 homeowners insurance, $250 utilities and $448 set aside for maintenance.
What is the property tax rate in Berryville?
Berryville has an effective property tax rate of 0.550%, based on a median home value of $537,700 and median real estate taxes of $2,955. That is higher than the Clarke County average of 0.512%.
What is the average home price in Berryville?
The median owner-occupied home value in Berryville, Virginia is $537,700, against $538,900 across Clarke County.
Is it cheaper to rent or buy in Berryville?
Median gross rent in Berryville is $1,328 a month, against $4,010 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 Berryville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Berryville, Virginia at today's rate takes a household income of roughly $172,000 a year. That covers the full $4,010 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Berryville, 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.