Total monthly cost of ownership
Cost to Own a Home in Cluster Springs, Virginia
A $147,000 home here costs
$1,198per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $756. The real number is $442 higher every month — 59% 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.
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 $158 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
Common questions
How much does it cost to own a home in Cluster Springs?
A $147,000 home in Cluster Springs, Virginia costs approximately $1,198 per month with 20% down at 6.66%. That is $756 principal and interest, $57 property tax, $36 homeowners insurance, $226 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.
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.