Total monthly cost of ownership
Cost to Own a Home in Hillsville, Virginia
A $133,000 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 $684. The real number is $440 higher every month — 64% 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.
Hillsville against Carroll County and Virginia
| Measure | Hillsville | Carroll County |
|---|---|---|
| Median home value | $132,600 | $144,200 |
| Median property tax | $840 | $861 |
| Effective tax rate | 0.633% | 0.597% |
| Median gross rent | $691 | $687 |
| Population | 2,869 | 29,158 |
The weather behind that power bill
Hillsville sits in Carroll County, which averages a high of 82.2°F in its hottest month and a low of 23.3°F in its coldest, with 45.58" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 581 cooling and 5,111 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Carroll County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Full Carroll County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Hillsville?
A $133,000 home in Hillsville, Virginia costs approximately $1,124 per month with 20% down at 6.66%. That is $684 principal and interest, $70 property tax, $33 homeowners insurance, $226 utilities and $111 set aside for maintenance.
What is the property tax rate in Hillsville?
Hillsville has an effective property tax rate of 0.633%, based on a median home value of $132,600 and median real estate taxes of $840. That is higher than the Carroll County average of 0.597%.
What is the average home price in Hillsville?
The median owner-occupied home value in Hillsville, Virginia is $132,600, against $144,200 across Carroll County.
Is it cheaper to rent or buy in Hillsville?
Median gross rent in Hillsville is $691 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 Hillsville — 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.