Total monthly cost of ownership
Cost to Own a Home in Cluster Springs, Virginia
A $147,000 home here costs
$1,267per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $54,500 a year.
A standard mortgage calculator would have told you $801. The real number is $466 higher every month, 58% more than the payment most buyers budget for.
Compare Halifax County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cluster Springs from a five-year rolling sample, and with about 1,038 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Halifax County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cluster Springs against Halifax County and Virginia
| Measure | Cluster Springs | Halifax County |
|---|---|---|
| Median home value | $147,000 | $148,900 |
| Median property tax | $687 | $729 |
| Effective tax rate | 0.467% | 0.490% |
| Median gross rent | — | $769 |
| Population | 1,038 | 33,811 |
The weather behind that power bill
Cluster Springs sits in Halifax County, which averages a high of 90.0°F in its hottest month and a low of 26.5°F in its coldest, with 46.37" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,468 cooling and 3,813 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Halifax County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Halifax County
Full Halifax County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Cluster Springs averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Cluster Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cluster Springs I already own here and may sell
Common questions
How much does it cost to own a home in Cluster Springs?
A $147,000 home in Cluster Springs, Virginia costs approximately $1,267 per month with 20% down at 7.24%. That is $801 principal and interest, $57 property tax, $36 homeowners insurance, $250 utilities and $123 set aside for maintenance.
What is the property tax rate in Cluster Springs?
Cluster Springs has an effective property tax rate of 0.467%, based on a median home value of $147,000 and median real estate taxes of $687. That is lower than the Halifax County average of 0.490%.
What is the average home price in Cluster Springs?
The median owner-occupied home value in Cluster Springs, Virginia is $147,000, against $148,900 across Halifax County.
Is it cheaper to rent or buy in Cluster Springs?
Rent data is not published for Cluster Springs at this level of detail.
What salary do you need to buy a home in Cluster Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cluster Springs, Virginia at today's rate takes a household income of roughly $54,500 a year. That covers the full $1,267 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cluster Springs, 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.