Total monthly cost of ownership
Cost to Own a Home in Onancock, Virginia
A $237,000 home here costs
$1,836per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,218. The real number is $618 higher every month — 51% 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.
Onancock against Accomack County and Virginia
| Measure | Onancock | Accomack County |
|---|---|---|
| Median home value | $236,900 | $193,100 |
| Median property tax | $1,628 | $962 |
| Effective tax rate | 0.687% | 0.498% |
| Median gross rent | $775 | $973 |
| Population | 1,323 | 33,326 |
The weather behind that power bill
Onancock sits in Accomack County, which averages a high of 86.1°F in its hottest month and a low of 29.5°F in its coldest, with 43.25" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,358 cooling and 3,957 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Accomack County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Accomack County
Full Accomack County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Onancock?
A $237,000 home in Onancock, Virginia costs approximately $1,836 per month with 20% down at 6.66%. That is $1,218 principal and interest, $136 property tax, $58 homeowners insurance, $226 utilities and $198 set aside for maintenance.
What is the property tax rate in Onancock?
Onancock has an effective property tax rate of 0.687%, based on a median home value of $236,900 and median real estate taxes of $1,628. That is higher than the Accomack County average of 0.498%.
What is the average home price in Onancock?
The median owner-occupied home value in Onancock, Virginia is $236,900, against $193,100 across Accomack County.
Is it cheaper to rent or buy in Onancock?
Median gross rent in Onancock is $775 a month, against $1,836 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 Onancock — 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.