Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Virginia and Washington. Updated for 2026.
Virginia wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $400K and lower overall costs, Virginia offers meaningful savings compared to Washington. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Virginia saves you approximately $1,284/month ($15,408/year) compared to Washington, based on median home prices with identical loan terms.
Virginia offers meaningfully lower home prices than Washington, with median prices running 31% less ($180K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Washington may find Virginia far more accessible, particularly when combined with local down payment assistance programs.
Property tax rates are similar in both states (Virginia: 0.82%, Washington: 0.98%), so taxes shouldn't be the deciding factor in your relocation decision. Instead, focus on differences in home prices, insurance costs, and state-specific programs. Both states collect roughly comparable property tax revenue relative to home values.
Both states offer down payment assistance for first-time buyers. Virginia's Virginia Housing DPA Grant provides Up to 2.5% grant, while Washington's WSHFC Home Advantage offers Up to $10,000 DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Virginia homes cost $180K less than Washington on average. That translates to roughly $1,284 less per month in total housing costs if you choose Virginia. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.