The typical owner-occupied home in The Plains is worth about $555,600, 45% above the Virginia median of $383,700 and 67% above the national median of $332,700. Owners pay a median $4,143 a year in property taxes, about 0.75% of their home's value, close to the Virginia rate of 0.73%. The median household earns $84,375 a year, so the median home costs 6.6 times the median income (4.1 times for Virginia). 35% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
The Plains at a glance
| The Plains | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $555,600 | $383,700 | $332,700 |
| Median property tax paid per year | $4,143 | $2,790 | $3,119 |
| Property tax as a share of value | 0.75% | 0.73% | 0.94% |
| Median household income | $84,375 | $93,170 | $80,734 |
| Homes lived in by their owners | 35% | 67% | 65% |
| Owner homes with a mortgage | 79% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,938 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 20.1% | 21.0% |
| Median rent | $1,323 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.4% | 30.6% |
| Median year homes were built | 1956 | 1984 | 1980 |
| Vacant homes | 28.9% | 8.7% | 10.1% |
| Population | 164 | 8,705,170 | 334,922,499 |
What a typical home costs per month in The Plains
At this week's average 30-year rate of 7.11%, buying the median The Plains home of $555,600 with 20% down costs about $3,569 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,494, 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 $152,949 for the 20%-down payment. That payment is 51% of the median The Plains household income of $84,375; at that income and 20% down, the 28% guideline points to a home of about $307,000.
The median rent here is $1,323 a month, so owning the median home costs about $2,246 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $111,120 |
|---|---|
| Loan amount | $444,480 |
| Principal and interest | $2,990 |
| Property taxes (0.75% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $232 |
| PMI | $0 |
| Total per month | $3,569 |
Change the numbers in the calculator
| Down payment | $19,446 |
|---|---|
| Loan amount | $545,537 |
| Principal and interest | $3,670 |
| Property taxes (0.75% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $232 |
| FHA mortgage insurance | $246 |
| Total per month | $4,494 |
Change the numbers in the calculator
Questions about home buying in The Plains
What is the median home value in The Plains?
About $555,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in The Plains?
Homeowners pay a median $4,143 a year, which is about 0.75% 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 The Plains?
For the median home with 20% down at 7.11%, the payment is about $3,569 a month. Keeping that under 28% of gross income takes about $152,949 a year.
More about The Plains
- Mortgage Refinance in The Plains
- Debt Relief in The Plains
- Home Equity Loans in The Plains
- 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