The typical owner-occupied home in Spotsylvania County is worth about $404,900, 6% above the Virginia median of $383,700 and 22% above the national median of $332,700. Owners pay a median $2,347 a year in property taxes, about 0.58% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $112,738 a year, so the median home costs 3.6 times the median income (4.1 times for Virginia). 80% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Spotsylvania County at a glance
| Spotsylvania County | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $404,900 | $383,700 | $332,700 |
| Median property tax paid per year | $2,347 | $2,790 | $3,119 |
| Property tax as a share of value | 0.58% | 0.73% | 0.94% |
| Median household income | $112,738 | $93,170 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 76% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,082 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 20.1% | 21.0% |
| Median rent | $1,779 | $1,579 | $1,413 |
| Rent as a share of renters' income | 31.3% | 29.4% | 30.6% |
| Median year homes were built | 1997 | 1984 | 1980 |
| Vacant homes | 5.3% | 8.7% | 10.1% |
| Population | 146,603 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Spotsylvania County
At this week's average 30-year rate of 7.11%, buying the median Spotsylvania County home of $404,900 with 20% down costs about $2,543 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,218, 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 $109,005 for the 20%-down payment. That payment is 27% of the median Spotsylvania County household income of $112,738; at that income and 20% down, the 28% guideline points to a home of about $419,000.
The median rent here is $1,779 a month, so owning the median home costs about $764 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $80,980 |
|---|---|
| Loan amount | $323,920 |
| Principal and interest | $2,179 |
| Property taxes (0.58% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| PMI | $0 |
| Total per month | $2,543 |
Change the numbers in the calculator
| Down payment | $14,172 |
|---|---|
| Loan amount | $397,566 |
| Principal and interest | $2,674 |
| Property taxes (0.58% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| FHA mortgage insurance | $179 |
| Total per month | $3,218 |
Change the numbers in the calculator
Questions about home buying in Spotsylvania County
What is the median home value in Spotsylvania County?
About $404,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Spotsylvania County?
Homeowners pay a median $2,347 a year, which is about 0.58% 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 Spotsylvania County?
For the median home with 20% down at 7.11%, the payment is about $2,543 a month. Keeping that under 28% of gross income takes about $109,005 a year.
More about Spotsylvania County
- Mortgage Refinance in Spotsylvania County
- Debt Relief in Spotsylvania County
- Home Equity Loans in Spotsylvania County
- 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