Total monthly cost of ownership
Cost to Own a Home in Blue Ridge, Virginia
A $248,000 home here costs
$1,915per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,275. The real number is $640 higher every month — 50% 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.
Blue Ridge against Botetourt County and Virginia
| Measure | Blue Ridge | Botetourt County |
|---|---|---|
| Median home value | $247,900 | $268,900 |
| Median property tax | $1,757 | $1,761 |
| Effective tax rate | 0.709% | 0.655% |
| Median gross rent | — | $951 |
| Population | 3,112 | 33,875 |
The weather behind that power bill
Blue Ridge sits in Botetourt County, which averages a high of 86.5°F in its hottest month and a low of 26.9°F in its coldest, with 43.61" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,223 cooling and 4,271 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Botetourt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Botetourt County
Full Botetourt County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Blue Ridge?
A $248,000 home in Blue Ridge, Virginia costs approximately $1,915 per month with 20% down at 6.66%. That is $1,275 principal and interest, $147 property tax, $61 homeowners insurance, $226 utilities and $207 set aside for maintenance.
What is the property tax rate in Blue Ridge?
Blue Ridge has an effective property tax rate of 0.709%, based on a median home value of $247,900 and median real estate taxes of $1,757. That is higher than the Botetourt County average of 0.655%.
What is the average home price in Blue Ridge?
The median owner-occupied home value in Blue Ridge, Virginia is $247,900, against $268,900 across Botetourt County.
Is it cheaper to rent or buy in Blue Ridge?
Rent data is not published for Blue Ridge at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Blue Ridge — 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.