Total monthly cost of ownership
Cost to Own a Home in King George, Virginia
A $331,000 home here costs
$2,428per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,702. The real number is $726 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.
King George against King George County and Virginia
| Measure | King George | King George County |
|---|---|---|
| Median home value | $330,500 | $395,900 |
| Median property tax | $1,704 | $2,221 |
| Effective tax rate | 0.516% | 0.561% |
| Median gross rent | $1,494 | $1,426 |
| Population | 4,833 | 27,468 |
The weather behind that power bill
King George sits in King George County, which averages a high of 88.0°F in its hottest month and a low of 28.3°F in its coldest, with 41.03" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,512 cooling and 4,002 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for King George County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in King George County
Full King George County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in King George?
A $331,000 home in King George, Virginia costs approximately $2,428 per month with 20% down at 6.66%. That is $1,702 principal and interest, $142 property tax, $81 homeowners insurance, $226 utilities and $276 set aside for maintenance.
What is the property tax rate in King George?
King George has an effective property tax rate of 0.516%, based on a median home value of $330,500 and median real estate taxes of $1,704. That is lower than the King George County average of 0.561%.
What is the average home price in King George?
The median owner-occupied home value in King George, Virginia is $330,500, against $395,900 across King George County.
Is it cheaper to rent or buy in King George?
Median gross rent in King George is $1,494 a month, against $2,428 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 King George — 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.