The typical owner-occupied home in Christiansburg is worth about $252,600, 34% below the Virginia median of $383,700 and 24% below the national median of $332,700. Owners pay a median $1,863 a year in property taxes, about 0.74% of their home's value, close to the Virginia rate of 0.73%. The median household earns $77,147 a year, so the median home costs 3.3 times the median income (4.1 times for Virginia). 60% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Christiansburg at a glance
| Christiansburg | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $252,600 | $383,700 | $332,700 |
| Median property tax paid per year | $1,863 | $2,790 | $3,119 |
| Property tax as a share of value | 0.74% | 0.73% | 0.94% |
| Median household income | $77,147 | $93,170 | $80,734 |
| Homes lived in by their owners | 60% | 67% | 65% |
| Owner homes with a mortgage | 60% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,512 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 20.1% | 21.0% |
| Median rent | $1,181 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.4% | 30.6% |
| Median year homes were built | 1987 | 1984 | 1980 |
| Vacant homes | 9.0% | 8.7% | 10.1% |
| Population | 22,720 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Christiansburg
At this week's average 30-year rate of 7.11%, buying the median Christiansburg home of $252,600 with 20% down costs about $1,620 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,041, 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 $69,447 for the 20%-down payment. That payment is 25% of the median Christiansburg household income of $77,147; at that income and 20% down, the 28% guideline points to a home of about $281,000.
The median rent here is $1,181 a month, so owning the median home costs about $439 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,520 |
|---|---|
| Loan amount | $202,080 |
| Principal and interest | $1,359 |
| Property taxes (0.74% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $1,620 |
Change the numbers in the calculator
| Down payment | $8,841 |
|---|---|
| Loan amount | $248,025 |
| Principal and interest | $1,668 |
| Property taxes (0.74% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $112 |
| Total per month | $2,041 |
Change the numbers in the calculator
Questions about home buying in Christiansburg
What is the median home value in Christiansburg?
About $252,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Christiansburg?
Homeowners pay a median $1,863 a year, which is about 0.74% 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 Christiansburg?
For the median home with 20% down at 7.11%, the payment is about $1,620 a month. Keeping that under 28% of gross income takes about $69,447 a year.
More about Christiansburg
- Mortgage Refinance in Christiansburg
- Debt Relief in Christiansburg
- Home Equity Loans in Christiansburg
- 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