Total monthly cost of ownership
Cost to Own a Home in South Riding, Virginia
A $689,000 home here costs
$5,007per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,542. The real number is $1,465 higher every month — 41% 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.
South Riding against Loudoun County and Virginia
| Measure | South Riding | Loudoun County |
|---|---|---|
| Median home value | $689,400 | $701,000 |
| Median property tax | $5,943 | $6,186 |
| Effective tax rate | 0.862% | 0.882% |
| Median gross rent | $2,853 | $2,317 |
| Population | 34,200 | 427,082 |
The weather behind that power bill
South Riding sits in Loudoun County, which averages a high of 86.4°F in its hottest month and a low of 24.5°F in its coldest, with 43.78" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,943 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Loudoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Loudoun County
Full Loudoun County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in South Riding?
A $689,000 home in South Riding, Virginia costs approximately $5,007 per month with 20% down at 6.66%. That is $3,542 principal and interest, $495 property tax, $169 homeowners insurance, $226 utilities and $574 set aside for maintenance.
What is the property tax rate in South Riding?
South Riding has an effective property tax rate of 0.862%, based on a median home value of $689,400 and median real estate taxes of $5,943. That is lower than the Loudoun County average of 0.882%.
What is the average home price in South Riding?
The median owner-occupied home value in South Riding, Virginia is $689,400, against $701,000 across Loudoun County.
Is it cheaper to rent or buy in South Riding?
Median gross rent in South Riding is $2,853 a month, against $5,007 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 South Riding — 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.