Total monthly cost of ownership
Cost to Own a Home in Coeburn, Virginia
A $108,000 home here costs
$1,013per 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 $43,500 a year.
A standard mortgage calculator would have told you $589. The real number is $425 higher every month, 72% more than the payment most buyers budget for.
Compare Wise County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coeburn from a five-year rolling sample, and with about 1,606 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 Wise 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.
Coeburn against Wise County and Virginia
| Measure | Coeburn | Wise County |
|---|---|---|
| Median home value | $107,800 | $116,500 |
| Median property tax | $694 | $658 |
| Effective tax rate | 0.644% | 0.565% |
| Median gross rent | $638 | $770 |
| Population | 1,606 | 35,727 |
The weather behind that power bill
Coeburn sits in Wise County, which averages a high of 80.6°F in its hottest month and a low of 24.6°F in its coldest, with 51.63" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 587 cooling and 4,797 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Wise County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wise County
Talk to someone who works this market
These are Coeburn 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 Coeburn every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Coeburn?
A $108,000 home in Coeburn, Virginia costs approximately $1,013 per month with 20% down at 7.24%. That is $589 principal and interest, $58 property tax, $27 homeowners insurance, $250 utilities and $90 set aside for maintenance.
What is the property tax rate in Coeburn?
Coeburn has an effective property tax rate of 0.644%, based on a median home value of $107,800 and median real estate taxes of $694. That is higher than the Wise County average of 0.565%.
What is the average home price in Coeburn?
The median owner-occupied home value in Coeburn, Virginia is $107,800, against $116,500 across Wise County.
Is it cheaper to rent or buy in Coeburn?
Median gross rent in Coeburn is $638 a month, against $1,013 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Coeburn?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coeburn, Virginia at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,013 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coeburn, 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.