The typical owner-occupied home in Clarke County is worth about $550,100, 43% above the Virginia median of $383,700 and 65% above the national median of $332,700. Owners pay a median $2,657 a year in property taxes, about 0.48% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $117,111 a year, so the median home costs 4.7 times the median income (4.1 times for Virginia). 81% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Clarke County at a glance
| Clarke County | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $550,100 | $383,700 | $332,700 |
| Median property tax paid per year | $2,657 | $2,790 | $3,119 |
| Property tax as a share of value | 0.48% | 0.73% | 0.94% |
| Median household income | $117,111 | $93,170 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 69% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,242 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 20.1% | 21.0% |
| Median rent | $1,371 | $1,579 | $1,413 |
| Rent as a share of renters' income | 44.9% | 29.4% | 30.6% |
| Median year homes were built | 1980 | 1984 | 1980 |
| Vacant homes | 10.1% | 8.7% | 10.1% |
| Population | 15,216 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Clarke County
At this week's average 30-year rate of 7.11%, buying the median Clarke County home of $550,100 with 20% down costs about $3,410 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,326, 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 $146,130 for the 20%-down payment. That payment is 35% of the median Clarke County household income of $117,111; at that income and 20% down, the 28% guideline points to a home of about $441,000.
The median rent here is $1,371 a month, so owning the median home costs about $2,039 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $110,020 |
|---|---|
| Loan amount | $440,080 |
| Principal and interest | $2,960 |
| Property taxes (0.48% a year) | $220 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| PMI | $0 |
| Total per month | $3,410 |
Change the numbers in the calculator
| Down payment | $19,254 |
|---|---|
| Loan amount | $540,136 |
| Principal and interest | $3,634 |
| Property taxes (0.48% a year) | $220 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| FHA mortgage insurance | $243 |
| Total per month | $4,326 |
Change the numbers in the calculator
Questions about home buying in Clarke County
What is the median home value in Clarke County?
About $550,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clarke County?
Homeowners pay a median $2,657 a year, which is about 0.48% 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 Clarke County?
For the median home with 20% down at 7.11%, the payment is about $3,410 a month. Keeping that under 28% of gross income takes about $146,130 a year.
More about Clarke County
- Mortgage Refinance in Clarke County
- Debt Relief in Clarke County
- Home Equity Loans in Clarke County
- 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