The typical owner-occupied home in Port Royal is worth about $203,600, 47% below the Virginia median of $383,700 and 39% below the national median of $332,700. Owners pay a median $683 a year in property taxes, about 0.34% of their home's value, lower than the Virginia rate of 0.73%. 58% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Port Royal at a glance
| Port Royal | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $203,600 | $383,700 | $332,700 |
| Median property tax paid per year | $683 | $2,790 | $3,119 |
| Property tax as a share of value | 0.34% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 58% | 67% | 65% |
| Owner homes with a mortgage | 60% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,625 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 20.1% | 21.0% |
| Median rent | $1,563 | $1,579 | $1,413 |
| Rent as a share of renters' income | 37.5% | 29.4% | 30.6% |
| Median year homes were built | 1955 | 1984 | 1980 |
| Vacant homes | 23.2% | 8.7% | 10.1% |
| Population | 89 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Port Royal
At this week's average 30-year rate of 7.11%, buying the median Port Royal home of $203,600 with 20% down costs about $1,238 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,577, 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 $53,067 for the 20%-down payment.
The median rent here is $1,563 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $40,720 |
|---|---|
| Loan amount | $162,880 |
| Principal and interest | $1,096 |
| Property taxes (0.34% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| PMI | $0 |
| Total per month | $1,238 |
Change the numbers in the calculator
| Down payment | $7,126 |
|---|---|
| Loan amount | $199,912 |
| Principal and interest | $1,345 |
| Property taxes (0.34% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| FHA mortgage insurance | $90 |
| Total per month | $1,577 |
Change the numbers in the calculator
Questions about home buying in Port Royal
What is the median home value in Port Royal?
About $203,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Royal?
Homeowners pay a median $683 a year, which is about 0.34% 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 Port Royal?
For the median home with 20% down at 7.11%, the payment is about $1,238 a month. Keeping that under 28% of gross income takes about $53,067 a year.
More about Port Royal
- Mortgage Refinance in Port Royal
- Debt Relief in Port Royal
- Home Equity Loans in Port Royal
- 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