The typical owner-occupied home in Brightwood is worth about $328,800, 14% below the Virginia median of $383,700 and about the same as the national median of $332,700. Owners pay a median $1,500 a year in property taxes, about 0.46% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $70,625 a year, so the median home costs 4.7 times the median income (4.1 times for Virginia). 94% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Brightwood at a glance
| Brightwood | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $328,800 | $383,700 | $332,700 |
| Median property tax paid per year | $1,500 | $2,790 | $3,119 |
| Property tax as a share of value | 0.46% | 0.73% | 0.94% |
| Median household income | $70,625 | $93,170 | $80,734 |
| Homes lived in by their owners | 94% | 67% | 65% |
| Owner homes with a mortgage | 60% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,747 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 20.1% | 21.0% |
| Median rent | $958 | $1,579 | $1,413 |
| Rent as a share of renters' income | 18.4% | 29.4% | 30.6% |
| Median year homes were built | 1975 | 1984 | 1980 |
| Vacant homes | 6.5% | 8.7% | 10.1% |
| Population | 1,325 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Brightwood
At this week's average 30-year rate of 7.11%, buying the median Brightwood home of $328,800 with 20% down costs about $2,033 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,580, 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 $87,108 for the 20%-down payment. That payment is 35% of the median Brightwood household income of $70,625; at that income and 20% down, the 28% guideline points to a home of about $267,000.
The median rent here is $958 a month, so owning the median home costs about $1,075 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,760 |
|---|---|
| Loan amount | $263,040 |
| Principal and interest | $1,769 |
| Property taxes (0.46% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| PMI | $0 |
| Total per month | $2,033 |
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| Down payment | $11,508 |
|---|---|
| Loan amount | $322,845 |
| Principal and interest | $2,172 |
| Property taxes (0.46% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| FHA mortgage insurance | $145 |
| Total per month | $2,580 |
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Questions about home buying in Brightwood
What is the median home value in Brightwood?
About $328,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brightwood?
Homeowners pay a median $1,500 a year, which is about 0.46% 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 Brightwood?
For the median home with 20% down at 7.11%, the payment is about $2,033 a month. Keeping that under 28% of gross income takes about $87,108 a year.
More about Brightwood
- Mortgage Refinance in Brightwood
- Debt Relief in Brightwood
- Home Equity Loans in Brightwood
- 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