The typical owner-occupied home in Lovingston is worth about $294,100, 23% below the Virginia median of $383,700 and 12% below the national median of $332,700. Owners pay a median $2,492 a year in property taxes, about 0.85% of their home's value, higher than the Virginia rate of 0.73%. 50% of occupied homes here are lived in by their owners, and 82% of those owners still have a mortgage.
Lovingston at a glance
| Lovingston | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $294,100 | $383,700 | $332,700 |
| Median property tax paid per year | $2,492 | $2,790 | $3,119 |
| Property tax as a share of value | 0.85% | 0.73% | 0.94% |
| Median household income | – | $93,170 | $80,734 |
| Homes lived in by their owners | 50% | 67% | 65% |
| Owner homes with a mortgage | 82% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,479 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 29.1% | 20.1% | 21.0% |
| Median rent | $232 | $1,579 | $1,413 |
| Median year homes were built | 1988 | 1984 | 1980 |
| Vacant homes | 30.3% | 8.7% | 10.1% |
| Population | 455 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Lovingston
At this week's average 30-year rate of 7.11%, buying the median Lovingston home of $294,100 with 20% down costs about $1,914 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,404, 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 $82,011 for the 20%-down payment.
The median rent here is $232 a month, so owning the median home costs about $1,682 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,820 |
|---|---|
| Loan amount | $235,280 |
| Principal and interest | $1,583 |
| Property taxes (0.85% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| PMI | $0 |
| Total per month | $1,914 |
Change the numbers in the calculator
| Down payment | $10,294 |
|---|---|
| Loan amount | $288,773 |
| Principal and interest | $1,943 |
| Property taxes (0.85% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| FHA mortgage insurance | $130 |
| Total per month | $2,404 |
Change the numbers in the calculator
Questions about home buying in Lovingston
What is the median home value in Lovingston?
About $294,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lovingston?
Homeowners pay a median $2,492 a year, which is about 0.85% 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 Lovingston?
For the median home with 20% down at 7.11%, the payment is about $1,914 a month. Keeping that under 28% of gross income takes about $82,011 a year.
More about Lovingston
- Mortgage Refinance in Lovingston
- Debt Relief in Lovingston
- Home Equity Loans in Lovingston
- 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