The typical owner-occupied home in The Plains is worth about $555,600, 45% above the Virginia median of $383,700 and 67% above the national median of $332,700. Owners pay a median $4,143 a year in property taxes, about 0.75% of their home's value, close to the Virginia rate of 0.73%. The median household earns $84,375 a year, so the median home costs 6.6 times the median income (4.1 times for Virginia). 35% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
The Plains at a glance
| The Plains | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $555,600 | $383,700 | $332,700 |
| Median property tax paid per year | $4,143 | $2,790 | $3,119 |
| Property tax as a share of value | 0.75% | 0.73% | 0.94% |
| Median household income | $84,375 | $93,170 | $80,734 |
| Homes lived in by their owners | 35% | 67% | 65% |
| Owner homes with a mortgage | 79% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,938 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 20.1% | 21.0% |
| Median rent | $1,323 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.4% | 30.6% |
| Median year homes were built | 1956 | 1984 | 1980 |
| Vacant homes | 28.9% | 8.7% | 10.1% |
| People below the poverty line | 5.5% | 9.9% | 12.5% |
| Population | 164 | 8,705,170 | 334,922,499 |
Household budgets and debt in The Plains
In The Plains, the typical owner with a mortgage spends 27.1% of household income on housing and the typical renter spends 26.5%. Above 30% is generally considered cost-burdened, which leaves less room for other debts.
5.5% of residents live below the federal poverty line, compared with 9.9% in Virginia.
If debts are getting hard to manage, the usual options, from mildest to most serious, are: a budget and a call to your lenders to ask for a hardship plan; a debt management plan through a nonprofit credit counselor, which can lower interest rates; a debt consolidation loan or, for homeowners, a cash-out refinance or home equity loan; debt settlement, where a company negotiates to pay less than you owe; and bankruptcy.
Under the Federal Trade Commission's rules, debt settlement companies can't charge a fee until they have settled at least one of your debts. Settling can hurt your credit and forgiven debt may be taxable, so compare it with credit counseling first. Time limits for collectors to sue differ by state and by type of debt; check with your state attorney general or a lawyer before relying on one.
Homeowners can sometimes pay off high-interest debt with their home's equity. With the median The Plains home worth $555,600 and 21% of owners mortgage-free, many owners have equity to draw on, but it turns unsecured debt into debt secured by your home.
Questions about debt relief in The Plains
What is the median home value in The Plains?
About $555,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in The Plains?
Homeowners pay a median $4,143 a year, which is about 0.75% of the median home value. Your bill depends on your home's assessed value and local rates.
How much of their income do The Plains households spend on housing?
With a median household income of $84,375, owners with a mortgage spend a median 27.1% on housing and renters 26.5%.
More about The Plains
- Mortgage Refinance in The Plains
- Home Buying in The Plains
- Home Equity Loans in The Plains
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data