The typical owner-occupied home in Sedley is worth about $214,500, 44% below the Virginia median of $383,700 and 36% below the national median of $332,700. Owners pay a median $1,018 a year in property taxes, about 0.47% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $86,304 a year, so the median home costs 2.5 times the median income (4.1 times for Virginia). 96% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Sedley at a glance
| Sedley | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $214,500 | $383,700 | $332,700 |
| Median property tax paid per year | $1,018 | $2,790 | $3,119 |
| Property tax as a share of value | 0.47% | 0.73% | 0.94% |
| Median household income | $86,304 | $93,170 | $80,734 |
| Homes lived in by their owners | 96% | 67% | 65% |
| Owner homes with a mortgage | 71% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,359 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1938 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 568 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Sedley
At this week's average 30-year rate of 7.11%, buying the median Sedley home of $214,500 with 20% down costs about $1,328 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,685, 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 $56,904 for the 20%-down payment. That payment is 18% of the median Sedley household income of $86,304; at that income and 20% down, the 28% guideline points to a home of about $325,000.
| Down payment | $42,900 |
|---|---|
| Loan amount | $171,600 |
| Principal and interest | $1,154 |
| Property taxes (0.47% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,328 |
Change the numbers in the calculator
| Down payment | $7,508 |
|---|---|
| Loan amount | $210,615 |
| Principal and interest | $1,417 |
| Property taxes (0.47% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $95 |
| Total per month | $1,685 |
Change the numbers in the calculator
Questions about home buying in Sedley
What is the median home value in Sedley?
About $214,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sedley?
Homeowners pay a median $1,018 a year, which is about 0.47% 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 Sedley?
For the median home with 20% down at 7.11%, the payment is about $1,328 a month. Keeping that under 28% of gross income takes about $56,904 a year.
More about Sedley
- Mortgage Refinance in Sedley
- Debt Relief in Sedley
- Home Equity Loans in Sedley
- 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