The typical owner-occupied home in Brucetown is worth about $278,300, 27% below the Virginia median of $383,700 and 16% below the national median of $332,700. Owners pay a median $977 a year in property taxes, about 0.35% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $104,250 a year, so the median home costs 2.7 times the median income (4.1 times for Virginia). 88% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Brucetown at a glance
| Brucetown | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $278,300 | $383,700 | $332,700 |
| Median property tax paid per year | $977 | $2,790 | $3,119 |
| Property tax as a share of value | 0.35% | 0.73% | 0.94% |
| Median household income | $104,250 | $93,170 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 78% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,446 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1956 | 1984 | 1980 |
| Vacant homes | 38.5% | 8.7% | 10.1% |
| Population | 250 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Brucetown
At this week's average 30-year rate of 7.11%, buying the median Brucetown home of $278,300 with 20% down costs about $1,695 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,158, 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 $72,636 for the 20%-down payment. That payment is 20% of the median Brucetown household income of $104,250; at that income and 20% down, the 28% guideline points to a home of about $399,000.
| Down payment | $55,660 |
|---|---|
| Loan amount | $222,640 |
| Principal and interest | $1,498 |
| Property taxes (0.35% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $1,695 |
Change the numbers in the calculator
| Down payment | $9,740 |
|---|---|
| Loan amount | $273,259 |
| Principal and interest | $1,838 |
| Property taxes (0.35% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $123 |
| Total per month | $2,158 |
Change the numbers in the calculator
Questions about home buying in Brucetown
What is the median home value in Brucetown?
About $278,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brucetown?
Homeowners pay a median $977 a year, which is about 0.35% 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 Brucetown?
For the median home with 20% down at 7.11%, the payment is about $1,695 a month. Keeping that under 28% of gross income takes about $72,636 a year.
More about Brucetown
- Mortgage Refinance in Brucetown
- Debt Relief in Brucetown
- Home Equity Loans in Brucetown
- 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