Craig County, Virginia home prices
Typical home $241,906 · +7.3% in a year · property tax 0.56%
The typical home in Craig County is worth $241,906, 41% less than the Virginia typical home ($412,252). Values changed +7.3% in the past year and +22.2% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,362 on the typical home), versus 0.71% statewide.
Mortgage on the typical Craig County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,381 | $193,525 | $1,302 | $0 | $234 | $1,536 | $65,800 |
| 10% down | $24,191 | $217,715 | $1,465 | $91 | $234 | $1,790 | $76,700 |
| 5% down | $12,095 | $229,811 | $1,546 | $96 | $234 | $1,876 | $80,400 |
| 3.5% down (FHA) | $8,467 | $237,524 | $1,598 | $107 | $234 | $1,939 | $83,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.56% 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 · part of the Roanoke metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lynchburg City | $243,511 | +0.2% | 0.79% |
| Richmond County | $244,453 | +3.2% | 0.56% |
| Prince Edward County | $244,569 | +7.3% | 0.43% |
| Accomack County | $245,873 | +1.3% | 0.48% |
| Buckingham County | $247,828 | +2.8% | 0.52% |
| Franklin City | $235,735 | +2.4% | 0.71% |
| Pulaski County | $226,254 | +4.9% | 0.63% |
| Washington County | $258,078 | +2.5% | 0.5% |
| Amherst County | $262,078 | +1.9% | 0.46% |
| Roanoke City | $219,673 | +0.6% | 0.99% |
Frequently asked questions
What is the average home price in Craig County, VA?
The typical home value in Craig County is $241,906 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Craig County?
About $65,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Craig County?
The median effective rate is 0.56% of home value a year (Census ACS 2024 5-year estimates).