The typical owner-occupied home in King George is worth about $380,500, about the same as the Virginia median of $383,700 and 14% above the national median of $332,700. Owners pay a median $1,864 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 $98,622 a year, so the median home costs 3.9 times the median income (4.1 times for Virginia). 71% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
King George at a glance
| King George | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $380,500 | $383,700 | $332,700 |
| Median property tax paid per year | $1,864 | $2,790 | $3,119 |
| Property tax as a share of value | 0.49% | 0.73% | 0.94% |
| Median household income | $98,622 | $93,170 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 76% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,065 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 20.1% | 21.0% |
| Median rent | $1,384 | $1,579 | $1,413 |
| Rent as a share of renters' income | 43.1% | 29.4% | 30.6% |
| Median year homes were built | 2000 | 1984 | 1980 |
| Vacant homes | 2.9% | 8.7% | 10.1% |
| Population | 4,851 | 8,705,170 | 334,922,499 |
What a typical home costs per month in King George
At this week's average 30-year rate of 7.11%, buying the median King George home of $380,500 with 20% down costs about $2,362 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,995, 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 $101,213 for the 20%-down payment. That payment is 29% of the median King George household income of $98,622; at that income and 20% down, the 28% guideline points to a home of about $371,000.
The median rent here is $1,384 a month, so owning the median home costs about $978 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $76,100 |
|---|---|
| Loan amount | $304,400 |
| Principal and interest | $2,048 |
| Property taxes (0.49% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $159 |
| PMI | $0 |
| Total per month | $2,362 |
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| Down payment | $13,318 |
|---|---|
| Loan amount | $373,608 |
| Principal and interest | $2,513 |
| Property taxes (0.49% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $159 |
| FHA mortgage insurance | $168 |
| Total per month | $2,995 |
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Questions about home buying in King George
What is the median home value in King George?
About $380,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in King George?
Homeowners pay a median $1,864 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 King George?
For the median home with 20% down at 7.11%, the payment is about $2,362 a month. Keeping that under 28% of gross income takes about $101,213 a year.
More about King George
- Mortgage Refinance in King George
- Debt Relief in King George
- Home Equity Loans in King George
- 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