Total monthly cost of ownership
Cost to Own a Home in Emory, Virginia
A $204,000 home here costs
$1,619per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,049. The real number is $570 higher every month — 54% 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.
Emory against Washington County and Virginia
| Measure | Emory | Washington County |
|---|---|---|
| Median home value | $203,800 | $201,800 |
| Median property tax | $1,479 | $1,038 |
| Effective tax rate | 0.726% | 0.514% |
| Median gross rent | — | $832 |
| Population | 1,135 | 53,913 |
The weather behind that power bill
Emory sits in Washington County, which averages a high of 84.7°F in its hottest month and a low of 24.1°F in its coldest, with 47.27" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 870 cooling and 4,610 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Emory?
A $204,000 home in Emory, Virginia costs approximately $1,619 per month with 20% down at 6.66%. That is $1,049 principal and interest, $123 property tax, $50 homeowners insurance, $226 utilities and $170 set aside for maintenance.
What is the property tax rate in Emory?
Emory has an effective property tax rate of 0.726%, based on a median home value of $203,800 and median real estate taxes of $1,479. That is higher than the Washington County average of 0.514%.
What is the average home price in Emory?
The median owner-occupied home value in Emory, Virginia is $203,800, against $201,800 across Washington County.
Is it cheaper to rent or buy in Emory?
Rent data is not published for Emory at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Emory — 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.