The typical owner-occupied home in Carrsville is worth about $242,700, 37% below the Virginia median of $383,700 and 27% below the national median of $332,700. Owners pay a median $1,307 a year in property taxes, about 0.54% of their home's value, lower than the Virginia rate of 0.73%. 54% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Carrsville at a glance
| Carrsville | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $242,700 | $383,700 | $332,700 |
| Median property tax paid per year | $1,307 | $2,790 | $3,119 |
| Property tax as a share of value | 0.54% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 54% | 67% | 65% |
| Owner homes with a mortgage | 51% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,180 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 20.1% | 21.0% |
| Median rent | $1,303 | $1,579 | $1,413 |
| Rent as a share of renters' income | 36.1% | 29.4% | 30.6% |
| Median year homes were built | 1980 | 1984 | 1980 |
| Vacant homes | 13.9% | 8.7% | 10.1% |
| Population | 363 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Carrsville
At this week's average 30-year rate of 7.11%, buying the median Carrsville home of $242,700 with 20% down costs about $1,516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,921, 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 $64,992 for the 20%-down payment.
The median rent here is $1,303 a month, so owning the median home costs about $213 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,540 |
|---|---|
| Loan amount | $194,160 |
| Principal and interest | $1,306 |
| Property taxes (0.54% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,516 |
Change the numbers in the calculator
| Down payment | $8,494 |
|---|---|
| Loan amount | $238,304 |
| Principal and interest | $1,603 |
| Property taxes (0.54% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $107 |
| Total per month | $1,921 |
Change the numbers in the calculator
Questions about home buying in Carrsville
What is the median home value in Carrsville?
About $242,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carrsville?
Homeowners pay a median $1,307 a year, which is about 0.54% 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 Carrsville?
For the median home with 20% down at 7.11%, the payment is about $1,516 a month. Keeping that under 28% of gross income takes about $64,992 a year.
More about Carrsville
- Mortgage Refinance in Carrsville
- Debt Relief in Carrsville
- Home Equity Loans in Carrsville
- 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