The typical owner-occupied home in Atlantic is worth about $252,000, 34% below the Virginia median of $383,700 and 24% below the national median of $332,700. Owners pay a median $916 a year in property taxes, about 0.36% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $107,143 a year, so the median home costs 2.4 times the median income (4.1 times for Virginia). 96% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Atlantic at a glance
| Atlantic | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $252,000 | $383,700 | $332,700 |
| Median property tax paid per year | $916 | $2,790 | $3,119 |
| Property tax as a share of value | 0.36% | 0.73% | 0.94% |
| Median household income | $107,143 | $93,170 | $80,734 |
| Homes lived in by their owners | 96% | 67% | 65% |
| Owner homes with a mortgage | 25% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,567 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 14.2% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1986 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 342 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Atlantic
At this week's average 30-year rate of 7.11%, buying the median Atlantic home of $252,000 with 20% down costs about $1,537 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,957, 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 $65,862 for the 20%-down payment. That payment is 17% of the median Atlantic household income of $107,143; at that income and 20% down, the 28% guideline points to a home of about $410,000.
| Down payment | $50,400 |
|---|---|
| Loan amount | $201,600 |
| Principal and interest | $1,356 |
| Property taxes (0.36% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $1,537 |
Change the numbers in the calculator
| Down payment | $8,820 |
|---|---|
| Loan amount | $247,436 |
| Principal and interest | $1,665 |
| Property taxes (0.36% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $111 |
| Total per month | $1,957 |
Change the numbers in the calculator
Questions about home buying in Atlantic
What is the median home value in Atlantic?
About $252,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Atlantic?
Homeowners pay a median $916 a year, which is about 0.36% 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 Atlantic?
For the median home with 20% down at 7.11%, the payment is about $1,537 a month. Keeping that under 28% of gross income takes about $65,862 a year.
More about Atlantic
- Mortgage Refinance in Atlantic
- Debt Relief in Atlantic
- Home Equity Loans in Atlantic
- 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