Total monthly cost of ownership
Cost to Own a Home in Victoria, Virginia
A $123,000 home here costs
$1,036per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $403 higher every month — 64% 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.
Victoria against Lunenburg County and Virginia
| Measure | Victoria | Lunenburg County |
|---|---|---|
| Median home value | $123,100 | $145,500 |
| Median property tax | $533 | $635 |
| Effective tax rate | 0.433% | 0.436% |
| Median gross rent | $856 | $780 |
| Population | 1,844 | 11,990 |
The weather behind that power bill
Victoria sits in Lunenburg County, which averages a high of 88.4°F in its hottest month and a low of 26.1°F in its coldest, with 43.85" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,326 cooling and 4,087 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Lunenburg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lunenburg County
Full Lunenburg County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Victoria?
A $123,000 home in Victoria, Virginia costs approximately $1,036 per month with 20% down at 6.66%. That is $632 principal and interest, $44 property tax, $30 homeowners insurance, $226 utilities and $103 set aside for maintenance.
What is the property tax rate in Victoria?
Victoria has an effective property tax rate of 0.433%, based on a median home value of $123,100 and median real estate taxes of $533. That is in line with the Lunenburg County average of 0.436%.
What is the average home price in Victoria?
The median owner-occupied home value in Victoria, Virginia is $123,100, against $145,500 across Lunenburg County.
Is it cheaper to rent or buy in Victoria?
Median gross rent in Victoria is $856 a month, against $1,036 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 Victoria — 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.