Total monthly cost of ownership
Cost to Own a Home in Blackstone, Virginia
A $186,000 home here costs
$1,528per 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 $65,500 a year.
A standard mortgage calculator would have told you $1,014. The real number is $514 higher every month, 51% more than the payment most buyers budget for.
Compare Nottoway County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Blackstone from a five-year rolling sample, and with about 3,341 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 Nottoway 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.
Blackstone against Nottoway County and Virginia
| Measure | Blackstone | Nottoway County |
|---|---|---|
| Median home value | $185,600 | $179,800 |
| Median property tax | $752 | $756 |
| Effective tax rate | 0.405% | 0.420% |
| Median gross rent | $1,092 | $1,009 |
| Population | 3,341 | 15,597 |
The weather behind that power bill
Blackstone sits in Nottoway County, which averages a high of 87.7°F in its hottest month and a low of 26.5°F in its coldest, with 46.84" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,354 cooling and 4,014 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Nottoway County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nottoway County
Full Nottoway County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Blackstone 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 Blackstone every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Blackstone I already own here and may sell
Common questions
How much does it cost to own a home in Blackstone?
A $186,000 home in Blackstone, Virginia costs approximately $1,528 per month with 20% down at 7.24%. That is $1,014 principal and interest, $63 property tax, $46 homeowners insurance, $250 utilities and $155 set aside for maintenance.
What is the property tax rate in Blackstone?
Blackstone has an effective property tax rate of 0.405%, based on a median home value of $185,600 and median real estate taxes of $752. That is lower than the Nottoway County average of 0.420%.
What is the average home price in Blackstone?
The median owner-occupied home value in Blackstone, Virginia is $185,600, against $179,800 across Nottoway County.
Is it cheaper to rent or buy in Blackstone?
Median gross rent in Blackstone is $1,092 a month, against $1,528 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 Blackstone?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Blackstone, Virginia at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,528 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Blackstone, 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.