Total monthly cost of ownership
Cost to Own a Home in Poquoson, Virginia
A $403,000 home here costs
$3,185per 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 $136,500 a year.
A standard mortgage calculator would have told you $2,197. The real number is $988 higher every month, 45% more than the payment most buyers budget for.
Compare Poquoson city with anywhere in America · full county breakdown
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 $182 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
Talk to someone who works this market
These are Poquoson 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 Poquoson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Poquoson I already own here and may sell
Common questions
How much does it cost to own a home in Poquoson?
A $403,000 home in Poquoson, Virginia costs approximately $3,185 per month with 20% down at 7.24%. That is $2,197 principal and interest, $303 property tax, $99 homeowners insurance, $250 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 $3,185 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 Poquoson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Poquoson, Virginia at today's rate takes a household income of roughly $136,500 a year. That covers the full $3,185 monthly cost, not just the mortgage payment.
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.