The typical owner-occupied home in Afton is worth about $372,700, 3% below the Virginia median of $383,700 and 12% above the national median of $332,700. The median household earns $93,409 a year, so the median home costs 4.0 times the median income (4.1 times for Virginia). 77% of occupied homes here are lived in by their owners, and 80% of those owners still have a mortgage.
Afton at a glance
| Afton | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $372,700 | $383,700 | $332,700 |
| Median property tax paid per year | – | $2,790 | $3,119 |
| Median household income | $93,409 | $93,170 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 80% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,142 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1993 | 1984 | 1980 |
| Vacant homes | 25.3% | 8.7% | 10.1% |
| Population | 266 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Afton
At this week's average 30-year rate of 7.11%, buying the median Afton home of $372,700 with 20% down costs about $2,503 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,124, 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 $107,257 for the 20%-down payment. That payment is 32% of the median Afton household income of $93,409; at that income and 20% down, the 28% guideline points to a home of about $325,000.
| Down payment | $74,540 |
|---|---|
| Loan amount | $298,160 |
| Principal and interest | $2,006 |
| Property taxes (1.10% a year) | $342 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,503 |
Change the numbers in the calculator
| Down payment | $13,044 |
|---|---|
| Loan amount | $365,949 |
| Principal and interest | $2,462 |
| Property taxes (1.10% a year) | $342 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $165 |
| Total per month | $3,124 |
Change the numbers in the calculator
Questions about home buying in Afton
What is the median home value in Afton?
About $372,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Afton?
For the median home with 20% down at 7.11%, the payment is about $2,503 a month. Keeping that under 28% of gross income takes about $107,257 a year.
More about Afton
- Mortgage Refinance in Afton
- Debt Relief in Afton
- Home Equity Loans in Afton
- 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