Total monthly cost of ownership
Cost to Own a Home in Narrows, Virginia
A $110,000 home here costs
$996per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $430 higher every month — 76% 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.
Narrows against Giles County and Virginia
| Measure | Narrows | Giles County |
|---|---|---|
| Median home value | $110,000 | $143,500 |
| Median property tax | $1,024 | $907 |
| Effective tax rate | 0.931% | 0.632% |
| Median gross rent | $869 | $780 |
| Population | 2,064 | 16,610 |
The weather behind that power bill
Narrows sits in Giles County, which averages a high of 82.8°F in its hottest month and a low of 22.9°F in its coldest, with 42.17" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 632 cooling and 5,119 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Giles County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Giles County
Common questions
How much does it cost to own a home in Narrows?
A $110,000 home in Narrows, Virginia costs approximately $996 per month with 20% down at 6.66%. That is $566 principal and interest, $85 property tax, $27 homeowners insurance, $226 utilities and $92 set aside for maintenance.
What is the property tax rate in Narrows?
Narrows has an effective property tax rate of 0.931%, based on a median home value of $110,000 and median real estate taxes of $1,024. That is higher than the Giles County average of 0.632%.
What is the average home price in Narrows?
The median owner-occupied home value in Narrows, Virginia is $110,000, against $143,500 across Giles County.
Is it cheaper to rent or buy in Narrows?
Median gross rent in Narrows is $869 a month, against $996 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 Narrows — 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.