The typical owner-occupied home in Clinchco is worth about $40,900, 89% below the Virginia median of $383,700 and 88% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.49% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $42,000 a year, so the median home costs 1.0 times the median income (4.1 times for Virginia). 55% of occupied homes here are lived in by their owners, and 7% of those owners still have a mortgage.
Clinchco at a glance
| Clinchco | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $40,900 | $383,700 | $332,700 |
| Median property tax paid per year | $199 | $2,790 | $3,119 |
| Property tax as a share of value | 0.49% | 0.73% | 0.94% |
| Median household income | $42,000 | $93,170 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 7% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,127 | $1,963 |
| Median rent | $840 | $1,579 | $1,413 |
| Rent as a share of renters' income | 45.0% | 29.4% | 30.6% |
| Median year homes were built | 1948 | 1984 | 1980 |
| Vacant homes | 28.7% | 8.7% | 10.1% |
| Population | 268 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Clinchco
At this week's average 30-year rate of 7.11%, buying the median Clinchco home of $40,900 with 20% down costs about $254 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $322, 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 $10,879 for the 20%-down payment. That payment is 7% of the median Clinchco household income of $42,000; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $840 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $8,180 |
|---|---|
| Loan amount | $32,720 |
| Principal and interest | $220 |
| Property taxes (0.49% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| PMI | $0 |
| Total per month | $254 |
Change the numbers in the calculator
| Down payment | $1,432 |
|---|---|
| Loan amount | $40,159 |
| Principal and interest | $270 |
| Property taxes (0.49% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| FHA mortgage insurance | $18 |
| Total per month | $322 |
Change the numbers in the calculator
Questions about home buying in Clinchco
What is the median home value in Clinchco?
About $40,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clinchco?
Homeowners pay a median $199 a year, which is about 0.49% 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 Clinchco?
For the median home with 20% down at 7.11%, the payment is about $254 a month. Keeping that under 28% of gross income takes about $10,879 a year.
More about Clinchco
- Mortgage Refinance in Clinchco
- Debt Relief in Clinchco
- Home Equity Loans in Clinchco
- 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