The typical owner-occupied home in Sugar Grove is worth about $56,400, 85% below the Virginia median of $383,700 and 83% below the national median of $332,700. Owners pay a median $354 a year in property taxes, about 0.63% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $45,676 a year, so the median home costs 1.2 times the median income (4.1 times for Virginia). 74% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Sugar Grove at a glance
| Sugar Grove | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $56,400 | $383,700 | $332,700 |
| Median property tax paid per year | $354 | $2,790 | $3,119 |
| Property tax as a share of value | 0.63% | 0.73% | 0.94% |
| Median household income | $45,676 | $93,170 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 58% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $724 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 25.5% | 20.1% | 21.0% |
| Median rent | $744 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.1% | 29.4% | 30.6% |
| Median year homes were built | 1980 | 1984 | 1980 |
| Vacant homes | 21.4% | 8.7% | 10.1% |
| Population | 563 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Sugar Grove
At this week's average 30-year rate of 7.11%, buying the median Sugar Grove home of $56,400 with 20% down costs about $357 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $451, 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 $15,285 for the 20%-down payment. That payment is 9% of the median Sugar Grove household income of $45,676; at that income and 20% down, the 28% guideline points to a home of about $169,000.
The median rent here is $744 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,280 |
|---|---|
| Loan amount | $45,120 |
| Principal and interest | $304 |
| Property taxes (0.63% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $357 |
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| Down payment | $1,974 |
|---|---|
| Loan amount | $55,378 |
| Principal and interest | $373 |
| Property taxes (0.63% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $451 |
Change the numbers in the calculator
Questions about home buying in Sugar Grove
What is the median home value in Sugar Grove?
About $56,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sugar Grove?
Homeowners pay a median $354 a year, which is about 0.63% 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 Sugar Grove?
For the median home with 20% down at 7.11%, the payment is about $357 a month. Keeping that under 28% of gross income takes about $15,285 a year.
More about Sugar Grove
- Mortgage Refinance in Sugar Grove
- Debt Relief in Sugar Grove
- Home Equity Loans in Sugar Grove
- 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