Total monthly cost of ownership
Cost to Own a Home in Warrenton, Virginia
A $424,000 home here costs
$3,087per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,180. The real number is $908 higher every month — 42% 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.
Warrenton against Fauquier County and Virginia
| Measure | Warrenton | Fauquier County |
|---|---|---|
| Median home value | $423,500 | $543,700 |
| Median property tax | $2,679 | $4,185 |
| Effective tax rate | 0.633% | 0.770% |
| Median gross rent | $1,512 | $1,561 |
| Population | 10,151 | 73,935 |
The weather behind that power bill
Warrenton sits in Fauquier County, which averages a high of 88.0°F in its hottest month and a low of 28.3°F in its coldest, with 41.03" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,512 cooling and 4,002 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Fauquier County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fauquier County
Full Fauquier County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Warrenton?
A $424,000 home in Warrenton, Virginia costs approximately $3,087 per month with 20% down at 6.66%. That is $2,180 principal and interest, $224 property tax, $104 homeowners insurance, $226 utilities and $353 set aside for maintenance.
What is the property tax rate in Warrenton?
Warrenton has an effective property tax rate of 0.633%, based on a median home value of $423,500 and median real estate taxes of $2,679. That is lower than the Fauquier County average of 0.770%.
What is the average home price in Warrenton?
The median owner-occupied home value in Warrenton, Virginia is $423,500, against $543,700 across Fauquier County.
Is it cheaper to rent or buy in Warrenton?
Median gross rent in Warrenton is $1,512 a month, against $3,087 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 Warrenton — 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.