Total monthly cost of ownership
Cost to Own a Home in Stuarts Draft, Virginia
A $261,000 home here costs
$2,060per 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 $88,500 a year.
A standard mortgage calculator would have told you $1,423. The real number is $637 higher every month, 45% more than the payment most buyers budget for.
Compare Augusta County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Stuarts Draft against Augusta County and Virginia
| Measure | Stuarts Draft | Augusta County |
|---|---|---|
| Median home value | $260,700 | $281,400 |
| Median property tax | $1,259 | $1,379 |
| Effective tax rate | 0.483% | 0.490% |
| Median gross rent | $1,063 | $1,057 |
| Population | 11,920 | 77,713 |
The weather behind that power bill
Stuarts Draft sits in Augusta County, which averages a high of 84.1°F in its hottest month and a low of 24.7°F in its coldest, with 40.64" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 892 cooling and 4,834 heating degree days, which is what sets the $182 electricity line above.
See the full climate breakdown for Augusta County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Augusta County
Full Augusta County cost breakdown · Every county in Virginia
Talk to someone who works this market
These are Stuarts Draft 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 Stuarts Draft every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stuarts Draft I already own here and may sell
Common questions
How much does it cost to own a home in Stuarts Draft?
A $261,000 home in Stuarts Draft, Virginia costs approximately $2,060 per month with 20% down at 7.24%. That is $1,423 principal and interest, $105 property tax, $64 homeowners insurance, $250 utilities and $218 set aside for maintenance.
What is the property tax rate in Stuarts Draft?
Stuarts Draft has an effective property tax rate of 0.483%, based on a median home value of $260,700 and median real estate taxes of $1,259. That is in line with the Augusta County average of 0.490%.
What is the average home price in Stuarts Draft?
The median owner-occupied home value in Stuarts Draft, Virginia is $260,700, against $281,400 across Augusta County.
Is it cheaper to rent or buy in Stuarts Draft?
Median gross rent in Stuarts Draft is $1,063 a month, against $2,060 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Stuarts Draft?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stuarts Draft, Virginia at today's rate takes a household income of roughly $88,500 a year. That covers the full $2,060 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stuarts Draft, 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.