Mortgage payment estimates, closing cost breakdowns, and homebuying data for Staunton, Virginia.
Median Home Price
$245K
Population
26K
Avg Monthly Rent
$1,080
Property Tax Rate
0.82% *
* Property tax shown is the Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Staunton.
Staunton vs Virginia Median
The median home price in Staunton is $245,000, which is 39% below the Virginia state median of $400,000.
Mortgage Calculator — Staunton, VA
Pre-filled with Staunton median home price and Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using Virginia's 0.82% tax rate and $1,700/yr insurance.
5% Down
$1,916/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $167
Insurance: $142
PMI: $136
10% Down
$1,831/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $167
Insurance: $142
PMI: $129
20% Down (No PMI)
$1,548/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $167
Insurance: $142
Income needed (28% rule): $66K/year with 20% down, $78K/year with 10% down.
Rent vs Buy in Staunton
Rent
$1,080/mo
vs
Buy (10% down)
$1,831/mo
Price-to-rent ratio: 18.9 — A ratio between 15-20 means the rent vs buy decision in Staunton depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Staunton is $245,000, 39% below the Virginia state median of $400,000. With a population of 25,750, Staunton is a smaller market where home prices tend to be more accessible than in many parts of Virginia.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $245,000 home in Staunton would carry roughly $167/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Staunton is $1,080/month. The price-to-rent ratio in Staunton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Staunton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Virginia's Virginia Housing DPA Grant program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Staunton.