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Blacksburg, VA mortgage & affordability calculator

The typical home in Blacksburg, VA is worth about $330,000. With 20% down that's a loan near $264,000 — the calculator is pre-filled with that figure. Virginia Tech dominates Blacksburg's economy and housing market in the Blue Ridge foothills, with a large student and faculty rental base and the university itself as the region's largest employer by far. Its mountain setting keeps homeowners insurance among the lowest in the state, well below Virginia's hurricane-exposed coastal metros.

$1,714.05 / month

Total interest
$353,063
Total paid
$617,063
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$66k$132k$198k$264k0612182430Year

How much you need to earn

Blacksburg, VA's median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $224,706 with 20% down — below the $330,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$224,678 max home price

Max loan amount
$158,678
Housing payment budget
$1,353
P&I budget
$1,030
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Blacksburg, VA is about $1,350 a month, so owning the median home costs roughly $687 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Blacksburg, VA?
On the metro's roughly $330,000 typical home with 20% down, the loan is about $264,000. Principal and interest run near $1,714 a month at today's rate, and Blacksburg, VA's property tax plus insurance add about $323, for a full payment near $2,037.
Can I afford a home in Blacksburg, VA on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $224,706 with 20% down — below the $330,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Blacksburg, VA?
Typical asking rent is about $1,350 a month. The full owner payment on a median home is near $2,037, so owning costs roughly $687 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Blacksburg, VA?
The effective property tax rate in the core county is about 0.75% of market value — roughly $2,475 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Blacksburg, VA rising or falling?
Home values are up about 4% over the past year. Virginia Tech dominates Blacksburg's economy and housing market in the Blue Ridge foothills, with a large student and faculty rental base and the university itself as the region's largest employer by far. Its mountain setting keeps homeowners insurance among the lowest in the state, well below Virginia's hurricane-exposed coastal metros.

Nearby metros

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