Total monthly cost of ownership
Cost to Own a Home in Lovettsville, Virginia
A $527,000 home here costs
$4,085per 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 $175,000 a year.
A standard mortgage calculator would have told you $2,873. The real number is $1,211 higher every month, 42% more than the payment most buyers budget for.
Compare Loudoun County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lovettsville from a five-year rolling sample, and with about 2,697 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 Loudoun 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.
Lovettsville against Loudoun County and Virginia
| Measure | Lovettsville | Loudoun County |
|---|---|---|
| Median home value | $526,600 | $701,000 |
| Median property tax | $4,706 | $6,186 |
| Effective tax rate | 0.894% | 0.882% |
| Median gross rent | $1,972 | $2,317 |
| Population | 2,697 | 427,082 |
The weather behind that power bill
Lovettsville sits in Loudoun County, which averages a high of 86.4°F in its hottest month and a low of 24.5°F in its coldest, with 43.78" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,943 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Loudoun County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Loudoun County
Full Loudoun County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Lovettsville 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 Lovettsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lovettsville I already own here and may sell
Common questions
How much does it cost to own a home in Lovettsville?
A $527,000 home in Lovettsville, Virginia costs approximately $4,085 per month with 20% down at 7.24%. That is $2,873 principal and interest, $393 property tax, $130 homeowners insurance, $250 utilities and $439 set aside for maintenance.
What is the property tax rate in Lovettsville?
Lovettsville has an effective property tax rate of 0.894%, based on a median home value of $526,600 and median real estate taxes of $4,706. That is higher than the Loudoun County average of 0.882%.
What is the average home price in Lovettsville?
The median owner-occupied home value in Lovettsville, Virginia is $526,600, against $701,000 across Loudoun County.
Is it cheaper to rent or buy in Lovettsville?
Median gross rent in Lovettsville is $1,972 a month, against $4,085 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lovettsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lovettsville, Virginia at today's rate takes a household income of roughly $175,000 a year. That covers the full $4,085 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lovettsville, 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.