Total monthly cost of ownership
Cost to Own a Home in Passapatanzy, Virginia
A $337,000 home here costs
$2,695per 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 $115,500 a year.
A standard mortgage calculator would have told you $1,837. The real number is $857 higher every month, 47% more than the payment most buyers budget for.
Compare King George County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Passapatanzy from a five-year rolling sample, and with about 1,015 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 King George 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.
Passapatanzy against King George County and Virginia
| Measure | Passapatanzy | King George County |
|---|---|---|
| Median home value | $337,300 | $395,900 |
| Median property tax | $2,929 | $2,221 |
| Effective tax rate | 0.868% | 0.561% |
| Median gross rent | — | $1,426 |
| Population | 1,015 | 27,468 |
The weather behind that power bill
Passapatanzy sits in King George County, which averages a high of 88.0°F in its hottest month and a low of 28.3°F in its coldest, with 41.03" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,512 cooling and 4,002 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for King George County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in King George County
Full King George County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Passapatanzy 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 Passapatanzy every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Passapatanzy I already own here and may sell
Common questions
How much does it cost to own a home in Passapatanzy?
A $337,000 home in Passapatanzy, Virginia costs approximately $2,695 per month with 20% down at 7.24%. That is $1,837 principal and interest, $244 property tax, $83 homeowners insurance, $250 utilities and $281 set aside for maintenance.
What is the property tax rate in Passapatanzy?
Passapatanzy has an effective property tax rate of 0.868%, based on a median home value of $337,300 and median real estate taxes of $2,929. That is higher than the King George County average of 0.561%.
What is the average home price in Passapatanzy?
The median owner-occupied home value in Passapatanzy, Virginia is $337,300, against $395,900 across King George County.
Is it cheaper to rent or buy in Passapatanzy?
Rent data is not published for Passapatanzy at this level of detail.
What salary do you need to buy a home in Passapatanzy?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Passapatanzy, Virginia at today's rate takes a household income of roughly $115,500 a year. That covers the full $2,695 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Passapatanzy, 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.