Total monthly cost of ownership
Cost to Own a Home in Bluefield, Virginia
A $161,000 home here costs
$1,316per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $828. The real number is $488 higher every month — 59% 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.
Bluefield against Tazewell County and Virginia
| Measure | Bluefield | Tazewell County |
|---|---|---|
| Median home value | $161,100 | $116,100 |
| Median property tax | $1,062 | $718 |
| Effective tax rate | 0.659% | 0.618% |
| Median gross rent | $818 | $738 |
| Population | 5,016 | 39,933 |
The weather behind that power bill
Bluefield sits in Tazewell County, which averages a high of 78.9°F in its hottest month and a low of 23.8°F in its coldest, with 41.24" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 536 cooling and 5,219 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Tazewell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tazewell County
Full Tazewell County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Bluefield?
A $161,000 home in Bluefield, Virginia costs approximately $1,316 per month with 20% down at 6.66%. That is $828 principal and interest, $88 property tax, $40 homeowners insurance, $226 utilities and $134 set aside for maintenance.
What is the property tax rate in Bluefield?
Bluefield has an effective property tax rate of 0.659%, based on a median home value of $161,100 and median real estate taxes of $1,062. That is higher than the Tazewell County average of 0.618%.
What is the average home price in Bluefield?
The median owner-occupied home value in Bluefield, Virginia is $161,100, against $116,100 across Tazewell County.
Is it cheaper to rent or buy in Bluefield?
Median gross rent in Bluefield is $818 a month, against $1,316 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bluefield — 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.