The typical owner-occupied home in Saltville is worth about $96,600, 75% below the Virginia median of $383,700 and 71% below the national median of $332,700. Owners pay a median $653 a year in property taxes, about 0.68% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $48,658 a year, so the median home costs 2.0 times the median income (4.1 times for Virginia). 63% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Saltville at a glance
| Saltville | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $96,600 | $383,700 | $332,700 |
| Median property tax paid per year | $653 | $2,790 | $3,119 |
| Property tax as a share of value | 0.68% | 0.73% | 0.94% |
| Median household income | $48,658 | $93,170 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 45% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,107 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 20.1% | 21.0% |
| Median rent | $645 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.9% | 29.4% | 30.6% |
| Median year homes were built | 1964 | 1984 | 1980 |
| Vacant homes | 17.3% | 8.7% | 10.1% |
| Population | 2,198 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Saltville
At this week's average 30-year rate of 7.11%, buying the median Saltville home of $96,600 with 20% down costs about $615 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $776, 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 $26,351 for the 20%-down payment. That payment is 15% of the median Saltville household income of $48,658; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $645 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,320 |
|---|---|
| Loan amount | $77,280 |
| Principal and interest | $520 |
| Property taxes (0.68% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $615 |
Change the numbers in the calculator
| Down payment | $3,381 |
|---|---|
| Loan amount | $94,850 |
| Principal and interest | $638 |
| Property taxes (0.68% a year) | $55 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $776 |
Change the numbers in the calculator
Questions about home buying in Saltville
What is the median home value in Saltville?
About $96,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saltville?
Homeowners pay a median $653 a year, which is about 0.68% 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 Saltville?
For the median home with 20% down at 7.11%, the payment is about $615 a month. Keeping that under 28% of gross income takes about $26,351 a year.
More about Saltville
- Mortgage Refinance in Saltville
- Debt Relief in Saltville
- Home Equity Loans in Saltville
- 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