Grayson County, Virginia home prices
Typical home $207,245 · +5.5% in a year · property tax 0.56%
The typical home in Grayson County is worth $207,245, 50% less than the Virginia typical home ($412,252). Values changed +5.5% in the past year and +31.0% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,164 on the typical home), versus 0.71% statewide.
Mortgage on the typical Grayson County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $41,449 | $165,796 | $1,115 | $0 | $201 | $1,316 | $56,400 |
| 10% down | $20,724 | $186,520 | $1,255 | $78 | $201 | $1,533 | $65,700 |
| 5% down | $10,362 | $196,883 | $1,324 | $82 | $201 | $1,607 | $68,900 |
| 3.5% down (FHA) | $7,254 | $203,491 | $1,369 | $92 | $201 | $1,661 | $71,200 |
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.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Giles County | $206,518 | +8.6% | 0.61% |
| Mecklenburg County | $209,597 | +3.6% | 0.45% |
| Wythe County | $210,800 | +2.3% | 0.53% |
| Hopewell City | $215,859 | +2.2% | 0.86% |
| Charlotte County | $198,283 | +11.7% | 0.52% |
| Petersburg City | $196,761 | +1.2% | 0.81% |
| Bath County | $219,212 | +7.3% | 0.39% |
| Nottoway County | $195,140 | +7.3% | 0.45% |
| Roanoke City | $219,673 | +0.6% | 0.99% |
| Pittsylvania County | $193,773 | +2.2% | 0.59% |
Frequently asked questions
What is the average home price in Grayson County, VA?
The typical home value in Grayson County is $207,245 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Grayson County?
About $56,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Grayson County?
The median effective rate is 0.56% of home value a year (Census ACS 2024 5-year estimates).