The typical owner-occupied home in Virginia City is worth about $351,900, 6% below the Montana median of $375,800 and 6% above the national median of $332,700. Owners pay a median $1,219 a year in property taxes, about 0.35% of their home's value, lower than the Montana rate of 0.72%. The median household earns $61,875 a year, so the median home costs 5.7 times the median income (5.2 times for Montana). 84% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Virginia City at a glance
| Virginia City | Montana | U.S. | |
|---|---|---|---|
| Median home value | $351,900 | $375,800 | $332,700 |
| Median property tax paid per year | $1,219 | $2,693 | $3,119 |
| Property tax as a share of value | 0.35% | 0.72% | 0.94% |
| Median household income | $61,875 | $72,509 | $80,734 |
| Homes lived in by their owners | 84% | 69% | 65% |
| Owner homes with a mortgage | 38% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,750 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1938 | 1981 | 1980 |
| Vacant homes | 56.5% | 13.2% | 10.1% |
| Population | 129 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Virginia City
At this week's average 30-year rate of 7.11%, buying the median Virginia City home of $351,900 with 20% down costs about $2,143 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,729, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $91,845 for the 20%-down payment. That payment is 42% of the median Virginia City household income of $61,875; at that income and 20% down, the 28% guideline points to a home of about $237,000.
| Down payment | $70,380 |
|---|---|
| Loan amount | $281,520 |
| Principal and interest | $1,894 |
| Property taxes (0.35% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| PMI | $0 |
| Total per month | $2,143 |
Change the numbers in the calculator
| Down payment | $12,316 |
|---|---|
| Loan amount | $345,526 |
| Principal and interest | $2,324 |
| Property taxes (0.35% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| FHA mortgage insurance | $156 |
| Total per month | $2,729 |
Change the numbers in the calculator
Questions about home buying in Virginia City
What is the median home value in Virginia City?
About $351,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Virginia City?
Homeowners pay a median $1,219 a year, which is about 0.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Virginia City?
For the median home with 20% down at 7.11%, the payment is about $2,143 a month. Keeping that under 28% of gross income takes about $91,845 a year.
More about Virginia City
- Mortgage Refinance in Virginia City
- Debt Relief in Virginia City
- Home Equity Loans in Virginia City
- 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