The typical owner-occupied home in Urbanna is worth about $403,700, 5% above the Virginia median of $383,700 and 21% above the national median of $332,700. Owners pay a median $2,223 a year in property taxes, about 0.55% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $62,917 a year, so the median home costs 6.4 times the median income (4.1 times for Virginia). 82% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Urbanna at a glance
| Urbanna | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $403,700 | $383,700 | $332,700 |
| Median property tax paid per year | $2,223 | $2,790 | $3,119 |
| Property tax as a share of value | 0.55% | 0.73% | 0.94% |
| Median household income | $62,917 | $93,170 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 34% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,656 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 29.8% | 20.1% | 21.0% |
| Median rent | $967 | $1,579 | $1,413 |
| Rent as a share of renters' income | 36.1% | 29.4% | 30.6% |
| Median year homes were built | 1962 | 1984 | 1980 |
| Vacant homes | 50.1% | 8.7% | 10.1% |
| Population | 495 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Urbanna
At this week's average 30-year rate of 7.11%, buying the median Urbanna home of $403,700 with 20% down costs about $2,526 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,198, 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 $108,249 for the 20%-down payment. That payment is 48% of the median Urbanna household income of $62,917; at that income and 20% down, the 28% guideline points to a home of about $235,000.
The median rent here is $967 a month, so owning the median home costs about $1,559 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $80,740 |
|---|---|
| Loan amount | $322,960 |
| Principal and interest | $2,173 |
| Property taxes (0.55% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| PMI | $0 |
| Total per month | $2,526 |
Change the numbers in the calculator
| Down payment | $14,130 |
|---|---|
| Loan amount | $396,388 |
| Principal and interest | $2,667 |
| Property taxes (0.55% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $168 |
| FHA mortgage insurance | $179 |
| Total per month | $3,198 |
Change the numbers in the calculator
Questions about home buying in Urbanna
What is the median home value in Urbanna?
About $403,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Urbanna?
Homeowners pay a median $2,223 a year, which is about 0.55% 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 Urbanna?
For the median home with 20% down at 7.11%, the payment is about $2,526 a month. Keeping that under 28% of gross income takes about $108,249 a year.
More about Urbanna
- Mortgage Refinance in Urbanna
- Debt Relief in Urbanna
- Home Equity Loans in Urbanna
- 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