Mathews County, Virginia home prices
Typical home $349,114 · +1.5% in a year · property tax 0.43%
The typical home in Mathews County is worth $349,114, 15% less than the Virginia typical home ($412,252). Values changed +1.5% in the past year and +17.2% over five years. Homeowners here pay a median 0.43% of their home's value in property tax each year ($1,496 on the typical home), versus 0.71% statewide.
Mortgage on the typical Mathews County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $69,823 | $279,291 | $1,879 | $0 | $299 | $2,178 | $93,300 |
| 10% down | $34,911 | $314,203 | $2,114 | $131 | $299 | $2,544 | $109,000 |
| 5% down | $17,456 | $331,659 | $2,231 | $138 | $299 | $2,669 | $114,400 |
| 3.5% down (FHA) | $12,219 | $342,791 | $2,306 | $154 | $299 | $2,760 | $118,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.43% 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 |
|---|---|---|---|
| Bedford County | $351,809 | +4.2% | 0.43% |
| Winchester City | $351,816 | +1.4% | 0.76% |
| King William County | $352,179 | +3.0% | 0.55% |
| Lexington City | $354,128 | +2.4% | 0.81% |
| Prince George County | $356,119 | +3.8% | 0.74% |
| Shenandoah County | $340,191 | +2.4% | 0.52% |
| Caroline County | $359,075 | +3.6% | 0.52% |
| Montgomery County | $338,166 | +2.1% | 0.74% |
| Rockingham County | $361,245 | +2.1% | 0.53% |
| Nelson County | $362,239 | +3.0% | 0.5% |
Frequently asked questions
What is the average home price in Mathews County, VA?
The typical home value in Mathews County is $349,114 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mathews County?
About $93,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mathews County?
The median effective rate is 0.43% of home value a year (Census ACS 2024 5-year estimates).