Total monthly cost of ownership
Cost to Own a Home in Warsaw, Virginia
A $263,000 home here costs
$1,993per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,352. The real number is $641 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.
Warsaw against Richmond County and Virginia
| Measure | Warsaw | Richmond County |
|---|---|---|
| Median home value | $262,500 | $214,200 |
| Median property tax | $1,570 | $1,188 |
| Effective tax rate | 0.598% | 0.555% |
| Median gross rent | $1,104 | $1,011 |
| Population | 2,324 | 9,047 |
The weather behind that power bill
Warsaw sits in Richmond County, which averages a high of 88.4°F in its hottest month and a low of 28.5°F in its coldest, with 45.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,416 cooling and 3,880 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Richmond County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richmond County
No other places of this size are published in Richmond County.
Full Richmond County cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Warsaw?
A $263,000 home in Warsaw, Virginia costs approximately $1,993 per month with 20% down at 6.66%. That is $1,352 principal and interest, $131 property tax, $65 homeowners insurance, $226 utilities and $219 set aside for maintenance.
What is the property tax rate in Warsaw?
Warsaw has an effective property tax rate of 0.598%, based on a median home value of $262,500 and median real estate taxes of $1,570. That is higher than the Richmond County average of 0.555%.
What is the average home price in Warsaw?
The median owner-occupied home value in Warsaw, Virginia is $262,500, against $214,200 across Richmond County.
Is it cheaper to rent or buy in Warsaw?
Median gross rent in Warsaw is $1,104 a month, against $1,993 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 Warsaw — 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.