The typical owner-occupied home in Belspring is worth about $319,700, 17% below the Virginia median of $383,700 and 4% below the national median of $332,700. Owners pay a median $1,701 a year in property taxes, about 0.53% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $61,053 a year, so the median home costs 5.2 times the median income (4.1 times for Virginia). 87% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Belspring at a glance
| Belspring | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $319,700 | $383,700 | $332,700 |
| Median property tax paid per year | $1,701 | $2,790 | $3,119 |
| Property tax as a share of value | 0.53% | 0.73% | 0.94% |
| Median household income | $61,053 | $93,170 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 21% | 67% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,127 | $1,963 |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1938 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 152 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Belspring
At this week's average 30-year rate of 7.11%, buying the median Belspring home of $319,700 with 20% down costs about $1,995 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,528, 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 $85,497 for the 20%-down payment. That payment is 39% of the median Belspring household income of $61,053; at that income and 20% down, the 28% guideline points to a home of about $228,000.
| Down payment | $63,940 |
|---|---|
| Loan amount | $255,760 |
| Principal and interest | $1,721 |
| Property taxes (0.53% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $1,995 |
Change the numbers in the calculator
| Down payment | $11,190 |
|---|---|
| Loan amount | $313,909 |
| Principal and interest | $2,112 |
| Property taxes (0.53% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,528 |
Change the numbers in the calculator
Questions about home buying in Belspring
What is the median home value in Belspring?
About $319,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Belspring?
Homeowners pay a median $1,701 a year, which is about 0.53% 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 Belspring?
For the median home with 20% down at 7.11%, the payment is about $1,995 a month. Keeping that under 28% of gross income takes about $85,497 a year.
More about Belspring
- Mortgage Refinance in Belspring
- Debt Relief in Belspring
- Home Equity Loans in Belspring
- 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