The typical owner-occupied home in Boyce is worth about $425,000, 11% above the Virginia median of $383,700 and 28% above the national median of $332,700. Owners pay a median $2,142 a year in property taxes, about 0.50% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $88,616 a year, so the median home costs 4.8 times the median income (4.1 times for Virginia). 83% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Boyce at a glance
| Boyce | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $425,000 | $383,700 | $332,700 |
| Median property tax paid per year | $2,142 | $2,790 | $3,119 |
| Property tax as a share of value | 0.50% | 0.73% | 0.94% |
| Median household income | $88,616 | $93,170 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 66% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,169 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 20.1% | 21.0% |
| Median rent | $1,375 | $1,579 | $1,413 |
| Rent as a share of renters' income | 23.4% | 29.4% | 30.6% |
| Median year homes were built | 1979 | 1984 | 1980 |
| Vacant homes | 3.8% | 8.7% | 10.1% |
| Population | 891 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Boyce
At this week's average 30-year rate of 7.11%, buying the median Boyce home of $425,000 with 20% down costs about $2,641 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,349, 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 $113,202 for the 20%-down payment. That payment is 36% of the median Boyce household income of $88,616; at that income and 20% down, the 28% guideline points to a home of about $333,000.
The median rent here is $1,375 a month, so owning the median home costs about $1,266 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $85,000 |
|---|---|
| Loan amount | $340,000 |
| Principal and interest | $2,287 |
| Property taxes (0.50% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| PMI | $0 |
| Total per month | $2,641 |
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| Down payment | $14,875 |
|---|---|
| Loan amount | $417,302 |
| Principal and interest | $2,807 |
| Property taxes (0.50% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| FHA mortgage insurance | $188 |
| Total per month | $3,349 |
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Questions about home buying in Boyce
What is the median home value in Boyce?
About $425,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Boyce?
Homeowners pay a median $2,142 a year, which is about 0.50% 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 Boyce?
For the median home with 20% down at 7.11%, the payment is about $2,641 a month. Keeping that under 28% of gross income takes about $113,202 a year.
More about Boyce
- Mortgage Refinance in Boyce
- Debt Relief in Boyce
- Home Equity Loans in Boyce
- 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