Total monthly cost of ownership
Cost to Own a Home in Innsbrook, Virginia
A $446,000 home here costs
$3,274per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,293. The real number is $982 higher every month — 43% 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.
Innsbrook against Henrico County and Virginia
| Measure | Innsbrook | Henrico County |
|---|---|---|
| Median home value | $445,600 | $333,600 |
| Median property tax | $3,283 | $2,416 |
| Effective tax rate | 0.737% | 0.724% |
| Median gross rent | $1,576 | $1,474 |
| Population | 8,559 | 334,434 |
The weather behind that power bill
Innsbrook sits in Henrico County, which averages a high of 89.5°F in its hottest month and a low of 28.8°F in its coldest, with 45.5" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,561 cooling and 3,736 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Henrico County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henrico County
Full Henrico County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Innsbrook?
A $446,000 home in Innsbrook, Virginia costs approximately $3,274 per month with 20% down at 6.66%. That is $2,293 principal and interest, $274 property tax, $110 homeowners insurance, $226 utilities and $372 set aside for maintenance.
What is the property tax rate in Innsbrook?
Innsbrook has an effective property tax rate of 0.737%, based on a median home value of $445,600 and median real estate taxes of $3,283. That is higher than the Henrico County average of 0.724%.
What is the average home price in Innsbrook?
The median owner-occupied home value in Innsbrook, Virginia is $445,600, against $333,600 across Henrico County.
Is it cheaper to rent or buy in Innsbrook?
Median gross rent in Innsbrook is $1,576 a month, against $3,274 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 Innsbrook — 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.