Total monthly cost of ownership
Cost to Own a Home in Emporia, Virginia
A $131,000 home here costs
$1,124per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $450 higher every month — 67% 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.
Emporia against Emporia city and Virginia
| Measure | Emporia | Emporia city |
|---|---|---|
| Median home value | $131,100 | $131,100 |
| Median property tax | $990 | $990 |
| Effective tax rate | 0.755% | 0.755% |
| Median gross rent | $1,060 | $1,060 |
| Population | 5,633 | 5,633 |
The weather behind that power bill
Emporia sits in Emporia city, which averages a high of 89.8°F in its hottest month and a low of 28.7°F in its coldest, with 46.19" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,632 cooling and 3,517 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Emporia city — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Emporia city
No other places of this size are published in Emporia city.
Common questions
How much does it cost to own a home in Emporia?
A $131,000 home in Emporia, Virginia costs approximately $1,124 per month with 20% down at 6.66%. That is $673 principal and interest, $82 property tax, $32 homeowners insurance, $226 utilities and $109 set aside for maintenance.
What is the property tax rate in Emporia?
Emporia has an effective property tax rate of 0.755%, based on a median home value of $131,100 and median real estate taxes of $990. That is in line with the Emporia city average of 0.755%.
What is the average home price in Emporia?
The median owner-occupied home value in Emporia, Virginia is $131,100, against $131,100 across Emporia city.
Is it cheaper to rent or buy in Emporia?
Median gross rent in Emporia is $1,060 a month, against $1,124 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 Emporia — 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.