Total monthly cost of ownership
Cost to Own a Home in Saltville, Virginia
A $92,000 home here costs
$855per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $382 higher every month — 81% 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.
Saltville against Washington County and Virginia
| Measure | Saltville | Washington County |
|---|---|---|
| Median home value | $92,000 | $201,800 |
| Median property tax | $677 | $1,038 |
| Effective tax rate | 0.736% | 0.514% |
| Median gross rent | $579 | $832 |
| Population | 2,056 | 53,913 |
Saltville extends across 2 counties. Figures here use Washington County, where most of its housing sits.
The weather behind that power bill
Saltville sits in Washington County, which averages a high of 84.7°F in its hottest month and a low of 24.1°F in its coldest, with 47.27" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 870 cooling and 4,610 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Saltville?
A $92,000 home in Saltville, Virginia costs approximately $855 per month with 20% down at 6.66%. That is $473 principal and interest, $56 property tax, $23 homeowners insurance, $226 utilities and $77 set aside for maintenance.
What is the property tax rate in Saltville?
Saltville has an effective property tax rate of 0.736%, based on a median home value of $92,000 and median real estate taxes of $677. That is higher than the Washington County average of 0.514%.
What is the average home price in Saltville?
The median owner-occupied home value in Saltville, Virginia is $92,000, against $201,800 across Washington County.
Is it cheaper to rent or buy in Saltville?
Median gross rent in Saltville is $579 a month, against $855 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 Saltville — 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.