The typical owner-occupied home in Nelsonia is worth about $136,200, 65% below the Virginia median of $383,700 and 59% below the national median of $332,700. Owners pay a median $639 a year in property taxes, about 0.47% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $88,685 a year, so the median home costs 1.5 times the median income (4.1 times for Virginia). 73% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Nelsonia at a glance
| Nelsonia | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $136,200 | $383,700 | $332,700 |
| Median property tax paid per year | $639 | $2,790 | $3,119 |
| Property tax as a share of value | 0.47% | 0.73% | 0.94% |
| Median household income | $88,685 | $93,170 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 56% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $816 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 10.7% | 20.1% | 21.0% |
| Median rent | $759 | $1,579 | $1,413 |
| Median year homes were built | 1994 | 1984 | 1980 |
| Vacant homes | 21.8% | 8.7% | 10.1% |
| Population | 608 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Nelsonia
At this week's average 30-year rate of 7.11%, buying the median Nelsonia home of $136,200 with 20% down costs about $843 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,070, 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 $36,132 for the 20%-down payment. That payment is 11% of the median Nelsonia household income of $88,685; at that income and 20% down, the 28% guideline points to a home of about $334,000.
The median rent here is $759 a month, so owning the median home costs about $84 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,240 |
|---|---|
| Loan amount | $108,960 |
| Principal and interest | $733 |
| Property taxes (0.47% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $843 |
Change the numbers in the calculator
| Down payment | $4,767 |
|---|---|
| Loan amount | $133,733 |
| Principal and interest | $900 |
| Property taxes (0.47% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $60 |
| Total per month | $1,070 |
Change the numbers in the calculator
Questions about home buying in Nelsonia
What is the median home value in Nelsonia?
About $136,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nelsonia?
Homeowners pay a median $639 a year, which is about 0.47% 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 Nelsonia?
For the median home with 20% down at 7.11%, the payment is about $843 a month. Keeping that under 28% of gross income takes about $36,132 a year.
More about Nelsonia
- Mortgage Refinance in Nelsonia
- Debt Relief in Nelsonia
- Home Equity Loans in Nelsonia
- 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