Total monthly cost of ownership
Cost to Own a Home in Stuart, Virginia
A $178,000 home here costs
$1,427per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $915. The real number is $512 higher every month — 56% 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.
Stuart against Patrick County and Virginia
| Measure | Stuart | Patrick County |
|---|---|---|
| Median home value | $177,700 | $146,500 |
| Median property tax | $1,121 | $851 |
| Effective tax rate | 0.631% | 0.581% |
| Median gross rent | $564 | $721 |
| Population | 1,681 | 17,606 |
The weather behind that power bill
Stuart sits in Patrick County, which averages a high of 86.1°F in its hottest month and a low of 25.2°F in its coldest, with 52.28" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 997 cooling and 4,216 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Patrick County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Patrick County
Full Patrick County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Stuart?
A $178,000 home in Stuart, Virginia costs approximately $1,427 per month with 20% down at 6.66%. That is $915 principal and interest, $94 property tax, $44 homeowners insurance, $226 utilities and $148 set aside for maintenance.
What is the property tax rate in Stuart?
Stuart has an effective property tax rate of 0.631%, based on a median home value of $177,700 and median real estate taxes of $1,121. That is higher than the Patrick County average of 0.581%.
What is the average home price in Stuart?
The median owner-occupied home value in Stuart, Virginia is $177,700, against $146,500 across Patrick County.
Is it cheaper to rent or buy in Stuart?
Median gross rent in Stuart is $564 a month, against $1,427 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 Stuart — 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.