Rappahannock County, VA real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$506,400Median home value · Census

Property tax rate

0.49%Below state avg 0.73%Median bill $2,505/yr · Census

Median rent

$1,2902-bed $1,457Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Rappahannock County, VA real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Rappahannock County pay a median of $2,505 a year in property taxes on a median home value of $506,400, an effective rate of about 0.49%. The Virginia average is 0.73%, which makes Rappahannock County the #22 lowest-tax of 133 counties in the state with published tax data.

Renters pay a median of $1,290 a month, and $1,457 for a two-bedroom. At today's prices a typical home costs about 33 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $506,000 home here comes to about $3,181 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $136,000 a year (the median household here earns $83,380).

Monthly payment on a typical home

$3,181/mo
  • Principal & interest$2,761
  • Property tax$209
  • Insurance (est.)$211

$506,000 home · 20% down · 7.24% 30-year fixed

Run your own numbers

Rents in Rappahannock County by bedrooms

1 bedroom$97634% below state
2 bedrooms$1,4572% below state
3 bedrooms$89847% below state
4 bedrooms$2,1671% above state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Rappahannock County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.