The typical owner-occupied home in Bloxom is worth about $133,300, 65% below the Virginia median of $383,700 and 60% below the national median of $332,700. Owners pay a median $731 a year in property taxes, about 0.55% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $66,875 a year, so the median home costs 2.0 times the median income (4.1 times for Virginia). 59% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Bloxom at a glance
| Bloxom | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $133,300 | $383,700 | $332,700 |
| Median property tax paid per year | $731 | $2,790 | $3,119 |
| Property tax as a share of value | 0.55% | 0.73% | 0.94% |
| Median household income | $66,875 | $93,170 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 43% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,196 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 20.1% | 21.0% |
| Median rent | $1,114 | $1,579 | $1,413 |
| Rent as a share of renters' income | 24.4% | 29.4% | 30.6% |
| Median year homes were built | 1960 | 1984 | 1980 |
| Vacant homes | 24.5% | 8.7% | 10.1% |
| Population | 571 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Bloxom
At this week's average 30-year rate of 7.11%, buying the median Bloxom home of $133,300 with 20% down costs about $834 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,056, 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 $35,743 for the 20%-down payment. That payment is 15% of the median Bloxom household income of $66,875; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $1,114 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,660 |
|---|---|
| Loan amount | $106,640 |
| Principal and interest | $717 |
| Property taxes (0.55% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $834 |
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| Down payment | $4,666 |
|---|---|
| Loan amount | $130,886 |
| Principal and interest | $880 |
| Property taxes (0.55% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $59 |
| Total per month | $1,056 |
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Questions about home buying in Bloxom
What is the median home value in Bloxom?
About $133,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bloxom?
Homeowners pay a median $731 a year, which is about 0.55% 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 Bloxom?
For the median home with 20% down at 7.11%, the payment is about $834 a month. Keeping that under 28% of gross income takes about $35,743 a year.
More about Bloxom
- Mortgage Refinance in Bloxom
- Debt Relief in Bloxom
- Home Equity Loans in Bloxom
- 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