The typical owner-occupied home in Pembroke is worth about $138,000, 64% below the Virginia median of $383,700 and 59% below the national median of $332,700. Owners pay a median $1,005 a year in property taxes, about 0.73% of their home's value, close to the Virginia rate of 0.73%. The median household earns $57,500 a year, so the median home costs 2.4 times the median income (4.1 times for Virginia). 69% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Pembroke at a glance
| Pembroke | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $138,000 | $383,700 | $332,700 |
| Median property tax paid per year | $1,005 | $2,790 | $3,119 |
| Property tax as a share of value | 0.73% | 0.73% | 0.94% |
| Median household income | $57,500 | $93,170 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 43% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,143 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 20.1% | 21.0% |
| Median rent | $796 | $1,579 | $1,413 |
| Rent as a share of renters' income | 23.1% | 29.4% | 30.6% |
| Median year homes were built | 1970 | 1984 | 1980 |
| Vacant homes | 28.7% | 8.7% | 10.1% |
| Population | 996 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Pembroke
At this week's average 30-year rate of 7.11%, buying the median Pembroke home of $138,000 with 20% down costs about $884 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,114, 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 $37,891 for the 20%-down payment. That payment is 18% of the median Pembroke household income of $57,500; at that income and 20% down, the 28% guideline points to a home of about $209,000.
The median rent here is $796 a month, so owning the median home costs about $88 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,600 |
|---|---|
| Loan amount | $110,400 |
| Principal and interest | $743 |
| Property taxes (0.73% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $884 |
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| Down payment | $4,830 |
|---|---|
| Loan amount | $135,500 |
| Principal and interest | $912 |
| Property taxes (0.73% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $61 |
| Total per month | $1,114 |
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Questions about home buying in Pembroke
What is the median home value in Pembroke?
About $138,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pembroke?
Homeowners pay a median $1,005 a year, which is about 0.73% 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 Pembroke?
For the median home with 20% down at 7.11%, the payment is about $884 a month. Keeping that under 28% of gross income takes about $37,891 a year.
More about Pembroke
- Mortgage Refinance in Pembroke
- Debt Relief in Pembroke
- Home Equity Loans in Pembroke
- 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