The typical owner-occupied home in Boissevain is worth about $32,100, 92% below the Virginia median of $383,700 and 90% below the national median of $332,700. Owners pay a median $289 a year in property taxes, about 0.90% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $27,516 a year, so the median home costs 1.2 times the median income (4.1 times for Virginia). 86% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Boissevain at a glance
| Boissevain | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $32,100 | $383,700 | $332,700 |
| Median property tax paid per year | $289 | $2,790 | $3,119 |
| Property tax as a share of value | 0.90% | 0.73% | 0.94% |
| Median household income | $27,516 | $93,170 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 28% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $773 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 1967 | 1984 | 1980 |
| Vacant homes | 12.6% | 8.7% | 10.1% |
| Population | 830 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Boissevain
At this week's average 30-year rate of 7.11%, buying the median Boissevain home of $32,100 with 20% down costs about $210 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $264, 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 $9,009 for the 20%-down payment. That payment is 9% of the median Boissevain household income of $27,516; at that income and 20% down, the 28% guideline points to a home of about $98,000.
| Down payment | $6,420 |
|---|---|
| Loan amount | $25,680 |
| Principal and interest | $173 |
| Property taxes (0.90% a year) | $24 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| PMI | $0 |
| Total per month | $210 |
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| Down payment | $1,124 |
|---|---|
| Loan amount | $31,519 |
| Principal and interest | $212 |
| Property taxes (0.90% a year) | $24 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| FHA mortgage insurance | $14 |
| Total per month | $264 |
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Questions about home buying in Boissevain
What is the median home value in Boissevain?
About $32,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Boissevain?
Homeowners pay a median $289 a year, which is about 0.90% 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 Boissevain?
For the median home with 20% down at 7.11%, the payment is about $210 a month. Keeping that under 28% of gross income takes about $9,009 a year.
More about Boissevain
- Mortgage Refinance in Boissevain
- Debt Relief in Boissevain
- Home Equity Loans in Boissevain
- 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