Total monthly cost of ownership
Cost to Own a Home in Lake Holiday, Virginia
A $278,000 home here costs
$2,233per 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 $95,500 a year.
A standard mortgage calculator would have told you $1,516. The real number is $718 higher every month, 47% more than the payment most buyers budget for.
Compare Frederick County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lake Holiday from a five-year rolling sample, and with about 2,059 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 Frederick 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.
Lake Holiday against Frederick County and Virginia
| Measure | Lake Holiday | Frederick County |
|---|---|---|
| Median home value | $277,700 | $355,000 |
| Median property tax | $2,011 | $1,807 |
| Effective tax rate | 0.724% | 0.509% |
| Median gross rent | — | $1,402 |
| Population | 2,059 | 93,355 |
The weather behind that power bill
Lake Holiday sits in Frederick County, which averages a high of 85.9°F in its hottest month and a low of 23.8°F in its coldest, with 40.69" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,915 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Frederick County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Frederick County
Full Frederick County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Lake Holiday 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 Lake Holiday every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Holiday I already own here and may sell
Common questions
How much does it cost to own a home in Lake Holiday?
A $278,000 home in Lake Holiday, Virginia costs approximately $2,233 per month with 20% down at 7.24%. That is $1,516 principal and interest, $168 property tax, $68 homeowners insurance, $250 utilities and $232 set aside for maintenance.
What is the property tax rate in Lake Holiday?
Lake Holiday has an effective property tax rate of 0.724%, based on a median home value of $277,700 and median real estate taxes of $2,011. That is higher than the Frederick County average of 0.509%.
What is the average home price in Lake Holiday?
The median owner-occupied home value in Lake Holiday, Virginia is $277,700, against $355,000 across Frederick County.
Is it cheaper to rent or buy in Lake Holiday?
Rent data is not published for Lake Holiday at this level of detail.
What salary do you need to buy a home in Lake Holiday?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Holiday, Virginia at today's rate takes a household income of roughly $95,500 a year. That covers the full $2,233 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Holiday, 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.