Estimate your monthly payment in Virginia. Uses 2026 average home prices ($385,000), 0.82% property tax, and programs for Virginia Beach, Norfolk, and Chesapeake.
The average home price in Virginia is approximately $385,000 in 2026. With a standard 20% down payment of $77,000, your estimated monthly principal and interest on a 30-year loan at 6.8% would be around $2,008. Adding Virginia's 0.82% property tax and homeowner's insurance brings your total estimated monthly PITI to roughly $2,431.
Key markets include Virginia Beach, Norfolk, and Chesapeake, each with varying price points. A 15-year loan at 6.3% would run approximately $2,649/month in P&I — higher payments but roughly half the lifetime interest cost. Adjust the sliders above to see how rate and term changes affect your payment instantly.
Virginia offers the VHDA First-Gen Program for qualifying buyers. These programs typically provide down payment assistance, below-market interest rates, or both. Contact your state housing finance agency to check current income and purchase-price limits.
2026 Rate Tip: 30-year fixed rates average 6.5–7.5% in 2026. Even 0.25% lower saves roughly $23,100 over the loan's life. Get quotes from at least 3–5 lenders.
The average home price in Virginia is approximately $385,000 in 2026. Virginia Beach and Norfolk tend to have higher prices than rural areas of the state.
Virginia's effective property tax rate is approximately 0.82%, which equals about $3,157/year or $263/month on a $385,000 home.
VHDA First-Gen Program is available to qualifying buyers in Virginia and offers down payment assistance and/or below-market rates. Contact your state housing finance agency for details.