Total monthly cost of ownership
Cost to Own a Home in Poquoson, Virginia
A $403,000 home here costs
$3,036per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,072. The real number is $964 higher every month — 47% 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.
Poquoson against Poquoson city and Virginia
| Measure | Poquoson | Poquoson city |
|---|---|---|
| Median home value | $403,000 | $403,000 |
| Median property tax | $3,640 | $3,640 |
| Effective tax rate | 0.903% | 0.903% |
| Median gross rent | $1,634 | $1,634 |
| Population | 12,556 | 12,556 |
The weather behind that power bill
Poquoson sits in Poquoson city, which averages a high of 87.3°F in its hottest month and a low of 32.1°F in its coldest, with 47.83" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,593 cooling and 3,461 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Poquoson city — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Poquoson city
No other places of this size are published in Poquoson city.
Full Poquoson city cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Poquoson?
A $403,000 home in Poquoson, Virginia costs approximately $3,036 per month with 20% down at 6.66%. That is $2,072 principal and interest, $303 property tax, $99 homeowners insurance, $226 utilities and $336 set aside for maintenance.
What is the property tax rate in Poquoson?
Poquoson has an effective property tax rate of 0.903%, based on a median home value of $403,000 and median real estate taxes of $3,640. That is in line with the Poquoson city average of 0.903%.
What is the average home price in Poquoson?
The median owner-occupied home value in Poquoson, Virginia is $403,000, against $403,000 across Poquoson city.
Is it cheaper to rent or buy in Poquoson?
Median gross rent in Poquoson is $1,634 a month, against $3,036 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 Poquoson — 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.