Total monthly cost of ownership
Cost to Own a Home in Raven, Virginia
A $88,000 home here costs
$804per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $452. The real number is $352 higher every month — 78% 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.
Raven against Tazewell County and Virginia
| Measure | Raven | Tazewell County |
|---|---|---|
| Median home value | $87,900 | $116,100 |
| Median property tax | $365 | $718 |
| Effective tax rate | 0.415% | 0.618% |
| Median gross rent | $700 | $738 |
| Population | 1,826 | 39,933 |
Raven extends across 2 counties. Figures here use Tazewell County, where most of its housing sits.
The weather behind that power bill
Raven sits in Tazewell County, which averages a high of 78.9°F in its hottest month and a low of 23.8°F in its coldest, with 41.24" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 536 cooling and 5,219 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Tazewell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tazewell County
Full Tazewell County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Raven?
A $88,000 home in Raven, Virginia costs approximately $804 per month with 20% down at 6.66%. That is $452 principal and interest, $30 property tax, $22 homeowners insurance, $226 utilities and $73 set aside for maintenance.
What is the property tax rate in Raven?
Raven has an effective property tax rate of 0.415%, based on a median home value of $87,900 and median real estate taxes of $365. That is lower than the Tazewell County average of 0.618%.
What is the average home price in Raven?
The median owner-occupied home value in Raven, Virginia is $87,900, against $116,100 across Tazewell County.
Is it cheaper to rent or buy in Raven?
Median gross rent in Raven is $700 a month, against $804 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 Raven — 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.