Total monthly cost of ownership
Cost to Own a Home in Timberlake, Virginia
A $228,000 home here costs
$1,727per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,172. The real number is $555 higher every month — 47% 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.
Timberlake against Campbell County and Virginia
| Measure | Timberlake | Campbell County |
|---|---|---|
| Median home value | $228,200 | $199,200 |
| Median property tax | $988 | $913 |
| Effective tax rate | 0.433% | 0.458% |
| Median gross rent | $1,037 | $853 |
| Population | 12,833 | 55,398 |
The weather behind that power bill
Timberlake sits in Campbell County, which averages a high of 86.9°F in its hottest month and a low of 25.8°F in its coldest, with 42.76" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,115 cooling and 4,295 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Campbell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Campbell County
Full Campbell County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Timberlake?
A $228,000 home in Timberlake, Virginia costs approximately $1,727 per month with 20% down at 6.66%. That is $1,172 principal and interest, $82 property tax, $56 homeowners insurance, $226 utilities and $190 set aside for maintenance.
What is the property tax rate in Timberlake?
Timberlake has an effective property tax rate of 0.433%, based on a median home value of $228,200 and median real estate taxes of $988. That is lower than the Campbell County average of 0.458%.
What is the average home price in Timberlake?
The median owner-occupied home value in Timberlake, Virginia is $228,200, against $199,200 across Campbell County.
Is it cheaper to rent or buy in Timberlake?
Median gross rent in Timberlake is $1,037 a month, against $1,727 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 Timberlake — 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.