Caroline County, Virginia home prices
Typical home $359,075 · +3.6% in a year · property tax 0.52%
The typical home in Caroline County is worth $359,075, 13% less than the Virginia typical home ($412,252). Values changed +3.6% in the past year and +24.4% over five years. Homeowners here pay a median 0.52% of their home's value in property tax each year ($1,864 on the typical home), versus 0.71% statewide.
Mortgage on the typical Caroline County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $71,815 | $287,260 | $1,932 | $0 | $335 | $2,267 | $97,200 |
| 10% down | $35,908 | $323,168 | $2,174 | $135 | $335 | $2,643 | $113,300 |
| 5% down | $17,954 | $341,121 | $2,295 | $142 | $335 | $2,772 | $118,800 |
| 3.5% down (FHA) | $12,568 | $352,571 | $2,372 | $159 | $335 | $2,865 | $122,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% 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.
What it takes: see what you can afford by salary in Virginia.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Rockingham County | $361,245 | +2.1% | 0.53% |
| Prince George County | $356,119 | +3.8% | 0.74% |
| Nelson County | $362,239 | +3.0% | 0.5% |
| Franklin County | $363,796 | +3.9% | 0.5% |
| Lexington City | $354,128 | +2.4% | 0.81% |
| Richmond City | $365,737 | +2.2% | 0.89% |
| King William County | $352,179 | +3.0% | 0.55% |
| Winchester City | $351,816 | +1.4% | 0.76% |
| Bedford County | $351,809 | +4.2% | 0.43% |
| Northumberland County | $366,411 | +2.5% | 0.47% |
Frequently asked questions
What is the average home price in Caroline County, VA?
The typical home value in Caroline County is $359,075 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Caroline County?
About $97,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Caroline County?
The median effective rate is 0.52% of home value a year (Census ACS 2024 5-year estimates).