Total monthly cost of ownership
Cost to Own a Home in Nellysford, Virginia
A $520,000 home here costs
$3,872per 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 $166,000 a year.
A standard mortgage calculator would have told you $2,835. The real number is $1,037 higher every month, 37% more than the payment most buyers budget for.
Compare Nelson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Nellysford from a five-year rolling sample, and with about 1,623 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 Nelson 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.
Nellysford against Nelson County and Virginia
| Measure | Nellysford | Nelson County |
|---|---|---|
| Median home value | $520,000 | $283,000 |
| Median property tax | $2,714 | $1,517 |
| Effective tax rate | 0.522% | 0.536% |
| Median gross rent | $1,521 | $950 |
| Population | 1,623 | 14,777 |
The weather behind that power bill
Nellysford sits in Nelson County, which averages a high of 87.3°F in its hottest month and a low of 25.5°F in its coldest, with 46.34" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,174 cooling and 4,131 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Nelson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nelson County
Full Nelson County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Nellysford 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 Nellysford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Nellysford I already own here and may sell
Common questions
How much does it cost to own a home in Nellysford?
A $520,000 home in Nellysford, Virginia costs approximately $3,872 per month with 20% down at 7.24%. That is $2,835 principal and interest, $226 property tax, $128 homeowners insurance, $250 utilities and $433 set aside for maintenance.
What is the property tax rate in Nellysford?
Nellysford has an effective property tax rate of 0.522%, based on a median home value of $520,000 and median real estate taxes of $2,714. That is lower than the Nelson County average of 0.536%.
What is the average home price in Nellysford?
The median owner-occupied home value in Nellysford, Virginia is $520,000, against $283,000 across Nelson County.
Is it cheaper to rent or buy in Nellysford?
Median gross rent in Nellysford is $1,521 a month, against $3,872 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 Nellysford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Nellysford, Virginia at today's rate takes a household income of roughly $166,000 a year. That covers the full $3,872 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Nellysford, 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.