Total monthly cost of ownership
Cost to Own a Home in Tazewell, Virginia
A $110,000 home here costs
$980per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $415 higher every month — 73% 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.
Tazewell against Tazewell County and Virginia
| Measure | Tazewell | Tazewell County |
|---|---|---|
| Median home value | $110,400 | $116,100 |
| Median property tax | $840 | $718 |
| Effective tax rate | 0.761% | 0.618% |
| Median gross rent | $722 | $738 |
| Population | 4,419 | 39,933 |
The weather behind that power bill
Tazewell sits in Tazewell County, which averages a high of 78.9°F in its hottest month and a low of 23.8°F in its coldest, with 41.24" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 536 cooling and 5,219 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Tazewell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tazewell County
Full Tazewell County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Tazewell?
A $110,000 home in Tazewell, Virginia costs approximately $980 per month with 20% down at 6.66%. That is $566 principal and interest, $70 property tax, $27 homeowners insurance, $226 utilities and $92 set aside for maintenance.
What is the property tax rate in Tazewell?
Tazewell has an effective property tax rate of 0.761%, based on a median home value of $110,400 and median real estate taxes of $840. That is higher than the Tazewell County average of 0.618%.
What is the average home price in Tazewell?
The median owner-occupied home value in Tazewell, Virginia is $110,400, against $116,100 across Tazewell County.
Is it cheaper to rent or buy in Tazewell?
Median gross rent in Tazewell is $722 a month, against $980 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 Tazewell — 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.