Total monthly cost of ownership
Cost to Own a Home in Matoaca, Virginia
A $205,000 home here costs
$1,726per 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 $74,000 a year.
A standard mortgage calculator would have told you $1,118. The real number is $608 higher every month, 54% more than the payment most buyers budget for.
Compare Chesterfield County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Matoaca from a five-year rolling sample, and with about 2,448 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 Chesterfield 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.
Matoaca against Chesterfield County and Virginia
| Measure | Matoaca | Chesterfield County |
|---|---|---|
| Median home value | $205,100 | $336,700 |
| Median property tax | $1,643 | $2,636 |
| Effective tax rate | 0.801% | 0.783% |
| Median gross rent | $995 | $1,542 |
| Population | 2,448 | 371,610 |
The weather behind that power bill
Matoaca sits in Chesterfield 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 $182 electricity line above.
See the full climate breakdown for Chesterfield County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chesterfield County
Full Chesterfield County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Matoaca 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 Matoaca every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Matoaca I already own here and may sell
Common questions
How much does it cost to own a home in Matoaca?
A $205,000 home in Matoaca, Virginia costs approximately $1,726 per month with 20% down at 7.24%. That is $1,118 principal and interest, $137 property tax, $50 homeowners insurance, $250 utilities and $171 set aside for maintenance.
What is the property tax rate in Matoaca?
Matoaca has an effective property tax rate of 0.801%, based on a median home value of $205,100 and median real estate taxes of $1,643. That is higher than the Chesterfield County average of 0.783%.
What is the average home price in Matoaca?
The median owner-occupied home value in Matoaca, Virginia is $205,100, against $336,700 across Chesterfield County.
Is it cheaper to rent or buy in Matoaca?
Median gross rent in Matoaca is $995 a month, against $1,726 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 Matoaca?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Matoaca, Virginia at today's rate takes a household income of roughly $74,000 a year. That covers the full $1,726 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Matoaca, 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.