Total monthly cost of ownership
Cost to Own a Home in Riner, Virginia
A $353,000 home here costs
$2,718per 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 $116,500 a year.
A standard mortgage calculator would have told you $1,925. The real number is $793 higher every month, 41% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Riner from a five-year rolling sample, and with about 1,037 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 Montgomery 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.
Riner against Montgomery County and Virginia
| Measure | Riner | Montgomery County |
|---|---|---|
| Median home value | $353,000 | $283,600 |
| Median property tax | $1,948 | $2,174 |
| Effective tax rate | 0.552% | 0.767% |
| Median gross rent | — | $1,206 |
| Population | 1,037 | 99,159 |
The weather behind that power bill
Riner sits in Montgomery County, which averages a high of 82.3°F in its hottest month and a low of 22.1°F in its coldest, with 42.64" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 619 cooling and 5,295 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Montgomery County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Riner 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 Riner every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Riner?
A $353,000 home in Riner, Virginia costs approximately $2,718 per month with 20% down at 7.24%. That is $1,925 principal and interest, $162 property tax, $87 homeowners insurance, $250 utilities and $294 set aside for maintenance.
What is the property tax rate in Riner?
Riner has an effective property tax rate of 0.552%, based on a median home value of $353,000 and median real estate taxes of $1,948. That is lower than the Montgomery County average of 0.767%.
What is the average home price in Riner?
The median owner-occupied home value in Riner, Virginia is $353,000, against $283,600 across Montgomery County.
Is it cheaper to rent or buy in Riner?
Rent data is not published for Riner at this level of detail.
What salary do you need to buy a home in Riner?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Riner, Virginia at today's rate takes a household income of roughly $116,500 a year. That covers the full $2,718 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Riner, 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.