Total monthly cost of ownership
Cost to Own a Home in Bracey, Virginia
A $191,000 home here costs
$1,486per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $982. The real number is $504 higher every month — 51% 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.
Bracey against Mecklenburg County and Virginia
| Measure | Bracey | Mecklenburg County |
|---|---|---|
| Median home value | $191,100 | $169,400 |
| Median property tax | $863 | $826 |
| Effective tax rate | 0.452% | 0.488% |
| Median gross rent | — | $804 |
| Population | 1,243 | 30,431 |
The weather behind that power bill
Bracey sits in Mecklenburg County, which averages a high of 91.7°F in its hottest month and a low of 28.7°F in its coldest, with 43.51" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,825 cooling and 3,504 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Mecklenburg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mecklenburg County
Full Mecklenburg County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Bracey?
A $191,000 home in Bracey, Virginia costs approximately $1,486 per month with 20% down at 6.66%. That is $982 principal and interest, $72 property tax, $47 homeowners insurance, $226 utilities and $159 set aside for maintenance.
What is the property tax rate in Bracey?
Bracey has an effective property tax rate of 0.452%, based on a median home value of $191,100 and median real estate taxes of $863. That is lower than the Mecklenburg County average of 0.488%.
What is the average home price in Bracey?
The median owner-occupied home value in Bracey, Virginia is $191,100, against $169,400 across Mecklenburg County.
Is it cheaper to rent or buy in Bracey?
Rent data is not published for Bracey at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bracey — 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.