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Staunton, VA mortgage & affordability calculator

The typical home in Staunton, VA is worth about $300,000. With 20% down that's a loan near $240,000 — the calculator is pre-filled with that figure. Staunton anchors the Shenandoah Valley's mix of small manufacturing, agriculture, and tourism tied to its well-preserved 19th-century downtown. Prices have risen as Charlottesville's affordability crunch pushes some buyers an hour west into the valley.

$1,558.23 / month

Total interest
$320,964
Total paid
$560,964
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$60k$120k$180k$240k0612182430Year

How much you need to earn

Staunton, VA's median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $231,990 with 20% down — below the $300,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$232,041 max home price

Max loan amount
$172,041
Housing payment budget
$1,400
P&I budget
$1,117
Bound by
front-end ratio

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

Typical asking rent in Staunton, VA is about $1,250 a month, so owning the median home costs roughly $592 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Staunton, VA?
On the metro's roughly $300,000 typical home with 20% down, the loan is about $240,000. Principal and interest run near $1,558 a month at today's rate, and Staunton, VA's property tax plus insurance add about $283, for a full payment near $1,842.
Can I afford a home in Staunton, VA on the median income?
The median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $231,990 with 20% down — below the $300,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Staunton, VA?
Typical asking rent is about $1,250 a month. The full owner payment on a median home is near $1,842, so owning costs roughly $592 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Staunton, VA?
The effective property tax rate in the core county is about 0.70% of market value — roughly $2,100 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Staunton, VA rising or falling?
Home values are up about 3% over the past year. Staunton anchors the Shenandoah Valley's mix of small manufacturing, agriculture, and tourism tied to its well-preserved 19th-century downtown. Prices have risen as Charlottesville's affordability crunch pushes some buyers an hour west into the valley.

Nearby metros

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