Total monthly cost of ownership
Cost to Own a Home in Goochland, Virginia
A $494,000 home here costs
$3,676per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $157,500 a year.
A standard mortgage calculator would have told you $2,693. The real number is $982 higher every month, 36% more than the payment most buyers budget for.
Compare Goochland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Goochland from a five-year rolling sample, and with about 1,301 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Goochland County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Goochland against Goochland County and Virginia
| Measure | Goochland | Goochland County |
|---|---|---|
| Median home value | $494,100 | $483,700 |
| Median property tax | $2,390 | $2,418 |
| Effective tax rate | 0.484% | 0.500% |
| Median gross rent | — | $1,567 |
| Population | 1,301 | 25,613 |
The weather behind that power bill
Goochland sits in Goochland County, which averages a high of 86.8°F in its hottest month and a low of 25.9°F in its coldest, with 44.85" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,377 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Goochland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Goochland County
No other places of this size are published in Goochland County.
Full Goochland County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Goochland averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Goochland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Goochland I already own here and may sell
Common questions
How much does it cost to own a home in Goochland?
A $494,000 home in Goochland, Virginia costs approximately $3,676 per month with 20% down at 7.24%. That is $2,693 principal and interest, $199 property tax, $121 homeowners insurance, $250 utilities and $412 set aside for maintenance.
What is the property tax rate in Goochland?
Goochland has an effective property tax rate of 0.484%, based on a median home value of $494,100 and median real estate taxes of $2,390. That is lower than the Goochland County average of 0.500%.
What is the average home price in Goochland?
The median owner-occupied home value in Goochland, Virginia is $494,100, against $483,700 across Goochland County.
Is it cheaper to rent or buy in Goochland?
Rent data is not published for Goochland at this level of detail.
What salary do you need to buy a home in Goochland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Goochland, Virginia at today's rate takes a household income of roughly $157,500 a year. That covers the full $3,676 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Goochland, 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.