Isle of Wight County, Virginia home prices
Typical home $383,688 · +2.2% in a year · property tax 0.7%
The typical home in Isle of Wight County is worth $383,688, 7% less than the Virginia typical home ($412,252). Values changed +2.2% in the past year and +15.0% over five years. Homeowners here pay a median 0.7% of their home's value in property tax each year ($2,701 on the typical home), versus 0.71% statewide.
Mortgage on the typical Isle of Wight County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $76,738 | $306,950 | $2,065 | $0 | $417 | $2,482 | $106,400 |
| 10% down | $38,369 | $345,319 | $2,323 | $144 | $417 | $2,884 | $123,600 |
| 5% down | $19,184 | $364,503 | $2,452 | $152 | $417 | $3,021 | $129,500 |
| 3.5% down (FHA) | $13,429 | $376,738 | $2,534 | $170 | $417 | $3,121 | $133,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.7% 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 Virginia Beach metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Greene County | $382,417 | +1.2% | 0.61% |
| Orange County | $380,385 | +1.8% | 0.55% |
| Middlesex County | $380,242 | +1.2% | 0.5% |
| Suffolk City | $387,665 | +2.8% | 0.93% |
| Gloucester County | $375,131 | +4.0% | 0.57% |
| Warren County | $394,470 | +3.0% | 0.52% |
| Fluvanna County | $372,612 | +1.1% | 0.63% |
| Lancaster County | $397,428 | +5.6% | 0.48% |
| Henrico County | $397,454 | +1.8% | 0.71% |
| Augusta County | $369,272 | +5.6% | 0.47% |
Frequently asked questions
What is the average home price in Isle of Wight County, VA?
The typical home value in Isle of Wight County is $383,688 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Isle of Wight County?
About $106,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Isle of Wight County?
The median effective rate is 0.7% of home value a year (Census ACS 2024 5-year estimates).