Total monthly cost of ownership
Cost to Own a Home in Craigsville, Virginia
A $142,000 home here costs
$1,195per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $730. The real number is $465 higher every month — 64% 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.
Craigsville against Augusta County and Virginia
| Measure | Craigsville | Augusta County |
|---|---|---|
| Median home value | $142,400 | $281,400 |
| Median property tax | $1,028 | $1,379 |
| Effective tax rate | 0.722% | 0.490% |
| Median gross rent | $766 | $1,057 |
| Population | 1,052 | 77,713 |
The weather behind that power bill
Craigsville sits in Augusta County, which averages a high of 84.1°F in its hottest month and a low of 24.7°F in its coldest, with 40.64" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 892 cooling and 4,834 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Augusta County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Augusta County
Full Augusta County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Craigsville?
A $142,000 home in Craigsville, Virginia costs approximately $1,195 per month with 20% down at 6.66%. That is $730 principal and interest, $85 property tax, $35 homeowners insurance, $226 utilities and $118 set aside for maintenance.
What is the property tax rate in Craigsville?
Craigsville has an effective property tax rate of 0.722%, based on a median home value of $142,400 and median real estate taxes of $1,028. That is higher than the Augusta County average of 0.490%.
What is the average home price in Craigsville?
The median owner-occupied home value in Craigsville, Virginia is $142,400, against $281,400 across Augusta County.
Is it cheaper to rent or buy in Craigsville?
Median gross rent in Craigsville is $766 a month, against $1,195 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 Craigsville — 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.