Montgomery County, Virginia home prices
Typical home $338,166 · +2.1% in a year · property tax 0.74%
The typical home in Montgomery County is worth $338,166, 18% less than the Virginia typical home ($412,252). Values changed +2.1% in the past year and +21.2% over five years. Homeowners here pay a median 0.74% of their home's value in property tax each year ($2,497 on the typical home), versus 0.71% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $67,633 | $270,533 | $1,820 | $0 | $377 | $2,197 | $94,200 |
| 10% down | $33,817 | $304,349 | $2,047 | $127 | $377 | $2,551 | $109,300 |
| 5% down | $16,908 | $321,258 | $2,161 | $134 | $377 | $2,672 | $114,500 |
| 3.5% down (FHA) | $11,836 | $332,041 | $2,234 | $150 | $377 | $2,760 | $118,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% 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 Blacksburg metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Shenandoah County | $340,191 | +2.4% | 0.52% |
| Roanoke County | $335,201 | +3.2% | 0.85% |
| Rockbridge County | $332,256 | +4.2% | 0.6% |
| Amelia County | $331,000 | +5.4% | 0.38% |
| Harrisonburg City | $327,726 | +3.0% | 0.76% |
| Mathews County | $349,114 | +1.5% | 0.43% |
| 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% |
Frequently asked questions
What is the average home price in Montgomery County, VA?
The typical home value in Montgomery County is $338,166 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $94,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 0.74% of home value a year (Census ACS 2024 5-year estimates).