Total monthly cost of ownership
Cost to Own a Home in Fairlawn, Virginia
A $257,000 home here costs
$1,958per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,321. The real number is $637 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.
Fairlawn against Pulaski County and Virginia
| Measure | Fairlawn | Pulaski County |
|---|---|---|
| Median home value | $257,000 | $182,500 |
| Median property tax | $1,595 | $1,176 |
| Effective tax rate | 0.621% | 0.644% |
| Median gross rent | $1,533 | $815 |
| Population | 2,555 | 33,771 |
The weather behind that power bill
Fairlawn sits in Pulaski County, which averages a high of 82.8°F in its hottest month and a low of 23.6°F in its coldest, with 40" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 663 cooling and 5,080 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Pulaski County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pulaski County
Full Pulaski County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Fairlawn?
A $257,000 home in Fairlawn, Virginia costs approximately $1,958 per month with 20% down at 6.66%. That is $1,321 principal and interest, $133 property tax, $63 homeowners insurance, $226 utilities and $214 set aside for maintenance.
What is the property tax rate in Fairlawn?
Fairlawn has an effective property tax rate of 0.621%, based on a median home value of $257,000 and median real estate taxes of $1,595. That is lower than the Pulaski County average of 0.644%.
What is the average home price in Fairlawn?
The median owner-occupied home value in Fairlawn, Virginia is $257,000, against $182,500 across Pulaski County.
Is it cheaper to rent or buy in Fairlawn?
Median gross rent in Fairlawn is $1,533 a month, against $1,958 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 Fairlawn — 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.