Total monthly cost of ownership
Cost to Own a Home in Central Garage, Virginia
A $277,000 home here costs
$2,071per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,424. The real number is $647 higher every month — 45% 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.
Central Garage against King William County and Virginia
| Measure | Central Garage | King William County |
|---|---|---|
| Median home value | $277,300 | $276,500 |
| Median property tax | $1,459 | $1,733 |
| Effective tax rate | 0.526% | 0.627% |
| Median gross rent | $1,173 | $1,246 |
| Population | 1,364 | 18,232 |
The weather behind that power bill
Central Garage sits in King William County, which averages a high of 88.4°F in its hottest month and a low of 29.4°F in its coldest, with 45.64" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,563 cooling and 3,610 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for King William County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in King William County
Full King William County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Central Garage?
A $277,000 home in Central Garage, Virginia costs approximately $2,071 per month with 20% down at 6.66%. That is $1,424 principal and interest, $121 property tax, $68 homeowners insurance, $226 utilities and $231 set aside for maintenance.
What is the property tax rate in Central Garage?
Central Garage has an effective property tax rate of 0.526%, based on a median home value of $277,300 and median real estate taxes of $1,459. That is lower than the King William County average of 0.627%.
What is the average home price in Central Garage?
The median owner-occupied home value in Central Garage, Virginia is $277,300, against $276,500 across King William County.
Is it cheaper to rent or buy in Central Garage?
Median gross rent in Central Garage is $1,173 a month, against $2,071 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 Central Garage — 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.