Total monthly cost of ownership
Cost to Own a Home in Twin Lakes, Virginia
A $236,000 home here costs
$1,939per 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 $83,000 a year.
A standard mortgage calculator would have told you $1,287. The real number is $653 higher every month, 51% more than the payment most buyers budget for.
Compare Greene County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Twin Lakes from a five-year rolling sample, and with about 1,794 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Greene County figures are drawn from a far larger sample if you want a steadier number.
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 $182 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
Talk to someone who works this market
These are Twin Lakes 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 Twin Lakes every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Twin Lakes I already own here and may sell
Common questions
How much does it cost to own a home in Twin Lakes?
A $236,000 home in Twin Lakes, Virginia costs approximately $1,939 per month with 20% down at 7.24%. That is $1,287 principal and interest, $148 property tax, $58 homeowners insurance, $250 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.
What salary do you need to buy a home in Twin Lakes?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Twin Lakes, Virginia at today's rate takes a household income of roughly $83,000 a year. That covers the full $1,939 monthly cost, not just the mortgage payment.
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.