Total monthly cost of ownership
Cost to Own a Home in Clifton Forge, Virginia
A $107,000 home here costs
$954per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $550. The real number is $404 higher every month — 73% 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.
Clifton Forge against Alleghany County and Virginia
| Measure | Clifton Forge | Alleghany County |
|---|---|---|
| Median home value | $106,900 | $122,300 |
| Median property tax | $746 | $1,011 |
| Effective tax rate | 0.698% | 0.827% |
| Median gross rent | $636 | $774 |
| Population | 3,483 | 14,962 |
The weather behind that power bill
Clifton Forge sits in Alleghany County, which averages a high of 84.0°F in its hottest month and a low of 22.5°F in its coldest, with 39.47" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 704 cooling and 5,144 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Alleghany County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Alleghany County
No other places of this size are published in Alleghany County.
Full Alleghany County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Clifton Forge?
A $107,000 home in Clifton Forge, Virginia costs approximately $954 per month with 20% down at 6.66%. That is $550 principal and interest, $62 property tax, $26 homeowners insurance, $226 utilities and $89 set aside for maintenance.
What is the property tax rate in Clifton Forge?
Clifton Forge has an effective property tax rate of 0.698%, based on a median home value of $106,900 and median real estate taxes of $746. That is lower than the Alleghany County average of 0.827%.
What is the average home price in Clifton Forge?
The median owner-occupied home value in Clifton Forge, Virginia is $106,900, against $122,300 across Alleghany County.
Is it cheaper to rent or buy in Clifton Forge?
Median gross rent in Clifton Forge is $636 a month, against $954 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 Clifton Forge — 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.