Total monthly cost of ownership
Cost to Own a Home in Twin Lakes, Virginia
A $236,000 home here costs
$1,842per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $629 higher every month — 52% 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.
Twin Lakes against Greene County and Virginia
| Measure | Twin Lakes | Greene County |
|---|---|---|
| Median home value | $235,500 | $315,300 |
| Median property tax | $1,771 | $2,009 |
| Effective tax rate | 0.752% | 0.637% |
| Median gross rent | — | $1,502 |
| Population | 1,794 | 20,850 |
The weather behind that power bill
Twin Lakes sits in Greene County, which averages a high of 89.7°F in its hottest month and a low of 29.5°F in its coldest, with 41.61" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,497 cooling and 3,767 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Full Greene County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Twin Lakes?
A $236,000 home in Twin Lakes, Virginia costs approximately $1,842 per month with 20% down at 6.66%. That is $1,213 principal and interest, $148 property tax, $58 homeowners insurance, $226 utilities and $197 set aside for maintenance.
What is the property tax rate in Twin Lakes?
Twin Lakes has an effective property tax rate of 0.752%, based on a median home value of $235,500 and median real estate taxes of $1,771. That is higher than the Greene County average of 0.637%.
What is the average home price in Twin Lakes?
The median owner-occupied home value in Twin Lakes, Virginia is $235,500, against $315,300 across Greene County.
Is it cheaper to rent or buy in Twin Lakes?
Rent data is not published for Twin Lakes at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Twin Lakes — 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.