Compare Prince William, VA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Prince William.
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November 29, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Prince William. Understand how much you need to earn to afford a home in Prince William, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Prince William fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Prince William is right for you.
The median home value for Prince William, VA is $510,001
Based on current mortgage rates and a 10% down payment, you need to make $106,394 per year to buy the median priced home in Prince William
With this income, you could qualify for a $459,001 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Prince William is $2,464
The median household income for Prince William, VA is $119,841
Based on this income, you can afford a home valued at approximately $574,459
The home price you can afford to buy based on household income in Prince William is 113% of the median home value which means housing prices are average. Prince William ranks 102 out of 133 counties in Virginia and 2,633 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Prince William, VA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Prince William below.
Conforming loan limits for Prince William, VA
FHA loan limits for Prince William, VA
VA loan limits for Prince William, VA
Learn what price home you can afford to buy in Prince William