Total monthly cost of ownership
Cost to Own a Home in Cedar Bluff, Virginia
A $123,000 home here costs
$1,063per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $431 higher every month — 68% 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.
Cedar Bluff against Tazewell County and Virginia
| Measure | Cedar Bluff | Tazewell County |
|---|---|---|
| Median home value | $123,300 | $116,100 |
| Median property tax | $867 | $718 |
| Effective tax rate | 0.703% | 0.618% |
| Median gross rent | $848 | $738 |
| Population | 1,156 | 39,933 |
The weather behind that power bill
Cedar Bluff 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 Cedar Bluff?
A $123,000 home in Cedar Bluff, Virginia costs approximately $1,063 per month with 20% down at 6.66%. That is $632 principal and interest, $72 property tax, $30 homeowners insurance, $226 utilities and $103 set aside for maintenance.
What is the property tax rate in Cedar Bluff?
Cedar Bluff has an effective property tax rate of 0.703%, based on a median home value of $123,300 and median real estate taxes of $867. That is higher than the Tazewell County average of 0.618%.
What is the average home price in Cedar Bluff?
The median owner-occupied home value in Cedar Bluff, Virginia is $123,300, against $116,100 across Tazewell County.
Is it cheaper to rent or buy in Cedar Bluff?
Median gross rent in Cedar Bluff is $848 a month, against $1,063 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 Cedar Bluff — 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.