The typical owner-occupied home in Weyers Cave is worth about $283,800, 26% below the Virginia median of $383,700 and 15% below the national median of $332,700. Owners pay a median $1,239 a year in property taxes, about 0.44% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $97,791 a year, so the median home costs 2.9 times the median income (4.1 times for Virginia). 82% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Weyers Cave at a glance
| Weyers Cave | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $283,800 | $383,700 | $332,700 |
| Median property tax paid per year | $1,239 | $2,790 | $3,119 |
| Property tax as a share of value | 0.44% | 0.73% | 0.94% |
| Median household income | $97,791 | $93,170 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 81% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,623 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 20.1% | 21.0% |
| Median rent | $1,023 | $1,579 | $1,413 |
| Rent as a share of renters' income | 22.0% | 29.4% | 30.6% |
| Median year homes were built | 2000 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 2,744 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Weyers Cave
At this week's average 30-year rate of 7.11%, buying the median Weyers Cave home of $283,800 with 20% down costs about $1,750 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,222, 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 $74,984 for the 20%-down payment. That payment is 21% of the median Weyers Cave household income of $97,791; at that income and 20% down, the 28% guideline points to a home of about $370,000.
The median rent here is $1,023 a month, so owning the median home costs about $727 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,760 |
|---|---|
| Loan amount | $227,040 |
| Principal and interest | $1,527 |
| Property taxes (0.44% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,750 |
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| Down payment | $9,933 |
|---|---|
| Loan amount | $278,660 |
| Principal and interest | $1,875 |
| Property taxes (0.44% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $126 |
| Total per month | $2,222 |
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Questions about home buying in Weyers Cave
What is the median home value in Weyers Cave?
About $283,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Weyers Cave?
Homeowners pay a median $1,239 a year, which is about 0.44% 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 Weyers Cave?
For the median home with 20% down at 7.11%, the payment is about $1,750 a month. Keeping that under 28% of gross income takes about $74,984 a year.
More about Weyers Cave
- Mortgage Refinance in Weyers Cave
- Debt Relief in Weyers Cave
- Home Equity Loans in Weyers Cave
- 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