Total monthly cost of ownership
Cost to Own a Home in Dumbarton, Virginia
A $275,000 home here costs
$2,086per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,414. The real number is $672 higher every month — 48% 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.
Dumbarton against Henrico County and Virginia
| Measure | Dumbarton | Henrico County |
|---|---|---|
| Median home value | $274,700 | $333,600 |
| Median property tax | $1,784 | $2,416 |
| Effective tax rate | 0.649% | 0.724% |
| Median gross rent | $1,402 | $1,474 |
| Population | 8,407 | 334,434 |
The weather behind that power bill
Dumbarton sits in Henrico County, which averages a high of 89.5°F in its hottest month and a low of 28.8°F in its coldest, with 45.5" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,561 cooling and 3,736 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Henrico County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henrico County
Full Henrico County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Dumbarton?
A $275,000 home in Dumbarton, Virginia costs approximately $2,086 per month with 20% down at 6.66%. That is $1,414 principal and interest, $149 property tax, $68 homeowners insurance, $226 utilities and $229 set aside for maintenance.
What is the property tax rate in Dumbarton?
Dumbarton has an effective property tax rate of 0.649%, based on a median home value of $274,700 and median real estate taxes of $1,784. That is lower than the Henrico County average of 0.724%.
What is the average home price in Dumbarton?
The median owner-occupied home value in Dumbarton, Virginia is $274,700, against $333,600 across Henrico County.
Is it cheaper to rent or buy in Dumbarton?
Median gross rent in Dumbarton is $1,402 a month, against $2,086 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 Dumbarton — 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.