How much house can I afford on $60,000 in Virginia?
About $216,000 with 20% down ($172,000 with an FHA loan), using Virginia's 0.71% property tax rate.
That is $195,996 less than the typical Virginia home ($412,252), so on $60,000 you'd look at cheaper areas or a smaller home. The payment of $1,400 covers $1,164 principal and interest, $128 property tax and $108 insurance.
Counties in Virginia you can afford on $60,000
35 of 133 counties have a typical home value at or below $216,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hopewell City | $215,859 | +2.2% | 0.86% |
| Wythe County | $210,800 | +2.3% | 0.53% |
| Mecklenburg County | $209,597 | +3.6% | 0.45% |
| Grayson County | $207,245 | +5.5% | 0.56% |
| Giles County | $206,518 | +8.6% | 0.61% |
| Charlotte County | $198,283 | +11.7% | 0.52% |
| Petersburg City | $196,761 | +1.2% | 0.81% |
| Nottoway County | $195,140 | +7.3% | 0.45% |
| Pittsylvania County | $193,773 | +2.2% | 0.59% |
| Patrick County | $192,865 | +2.5% | 0.55% |
| Buena Vista City | $190,494 | +3.6% | 0.91% |
| Alleghany County | $187,513 | +3.1% | 0.79% |
| Carroll County | $185,932 | +6.2% | 0.53% |
| Sussex County | $183,564 | +6.3% | 0.59% |
| Bland County | $181,272 | +8.9% | 0.56% |
| Galax City | $180,866 | +7.0% | 0.76% |
| Bristol City | $177,856 | -3.0% | 0.75% |
| Scott County | $168,070 | +3.5% | 0.62% |
| Greensville County | $163,665 | +2.2% | 0.54% |
| Smyth County | $163,239 | +4.5% | 0.58% |
| Brunswick County | $152,538 | +6.0% | 0.57% |
| Emporia City | $151,757 | +6.1% | 0.79% |
| Halifax County | $151,216 | +9.6% | 0.46% |
| Tazewell County | $144,973 | +3.6% | 0.62% |
| Lunenburg County | $143,388 | -1.3% | 0.39% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Virginia
Frequently asked questions
How much house can I afford on $60,000 in Virginia?
About $216,000 with 20% down at 7.11%, keeping the payment (with Virginia's 0.71% property tax and insurance) under $1,400 a month.
Is $60,000 enough to buy a house in Virginia?
Not the typical home: the typical Virginia home is worth $412,252 (Zillow, September 2026) and $60,000 supports about $216,000. 35 of 133 counties are within budget.