Total monthly cost of ownership
Cost to Own a Home in Gretna, Virginia
A $141,000 home here costs
$1,174per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $725. The real number is $449 higher every month — 62% 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.
Gretna against Pittsylvania County and Virginia
| Measure | Gretna | Pittsylvania County |
|---|---|---|
| Median home value | $140,900 | $153,000 |
| Median property tax | $847 | $907 |
| Effective tax rate | 0.601% | 0.593% |
| Median gross rent | $850 | $856 |
| Population | 1,275 | 60,148 |
The weather behind that power bill
Gretna sits in Pittsylvania County, which averages a high of 86.3°F in its hottest month and a low of 24.2°F in its coldest, with 47.7" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,043 cooling and 4,451 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Pittsylvania County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pittsylvania County
Full Pittsylvania County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Gretna?
A $141,000 home in Gretna, Virginia costs approximately $1,174 per month with 20% down at 6.66%. That is $725 principal and interest, $71 property tax, $35 homeowners insurance, $226 utilities and $118 set aside for maintenance.
What is the property tax rate in Gretna?
Gretna has an effective property tax rate of 0.601%, based on a median home value of $140,900 and median real estate taxes of $847. That is in line with the Pittsylvania County average of 0.593%.
What is the average home price in Gretna?
The median owner-occupied home value in Gretna, Virginia is $140,900, against $153,000 across Pittsylvania County.
Is it cheaper to rent or buy in Gretna?
Median gross rent in Gretna is $850 a month, against $1,174 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 Gretna — 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.