How much do homeowners pay a month in Westlake Corner, VA?
Homeowners with a mortgage in Westlake Corner, VA pay a median of $1,281 (±$548) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $560 (±$145).
48.3% of owned homes carry a mortgage.
In Westlake Corner, the median monthly cost with a mortgage went from $1,683 in 2015–2019 to $1,281 in 2020–2024 (−23.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- With a mortgage
- $1,281 (±$548)
- Without a mortgage
- $560 (±$145)
- Owned with a mortgage
- 48.3%
Monthly owner costs in Westlake Corner
| Westlake Corner | Franklin County | Virginia | United States | |
|---|---|---|---|---|
| With a mortgage | $1,281 (±$548) | $1,408 (±$83) | $2,127 (±$8) | $1,963 |
| Without a mortgage | $560 (±$145) | $410 (±$20) | $589 (±$4) | $638 |
| Owned homes with a mortgage | 48.3% (±13.3 points) | 52.8% (±2.9 points) | 66.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,545 (±$313) | $1,196 (±$59) | $2,790 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Westlake Corner, the median cost with a mortgage is not measurably different from Franklin County ($1,408).
It is also lower than in Virginia ($2,127).
It is lower than the national figure ($1,963).
In Franklin County, Westlake Corner ranks 5 of 7 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 348 of 448.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Westlake Corner have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,683 (±$295) | $1,281 (±$548) | −23.9% | Down after inflation |
| Median real estate taxes | $2,710 (±$377) | $2,545 (±$313) | −6.1% | Down after inflation |
| Median home value | $495,900 (±$143,035) | $499,000 (±$118,358) | +0.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Westlake Corner
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Westlake Corner | — | $1,281 (±$548) | — |
| North Shore | 3.7 mi | $1,974 (±$137) | Higher |
| Union Hall | 6.7 mi | $1,883 (±$520) | Not measurably different |
| Penhook | 9.3 mi | $2,566 (±$739) | Higher |
| Rocky Mount | 13 mi | $1,082 (±$165) | Not measurably different |
| Boones Mill | 14 mi | $1,524 (±$202) | Not measurably different |
| Vinton | 15 mi | $1,329 (±$231) | Not measurably different |
| Roanoke | 18 mi | $1,293 (±$48) | Not measurably different |
| Bedford | 18 mi | $1,394 (±$91) | Not measurably different |
Nearby places with a measurably higher figure: North Shore, VA ($1,974), Penhook, VA ($2,566).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Franklin County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Penhook | $2,566 (±$739) |
| 2 | North Shore | $1,974 (±$137) |
| 3 | Union Hall | $1,883 (±$520) |
| 4 | Boones Mill | $1,524 (±$202) |
| 5 | Westlake Corner | $1,281 (±$548) |
| 6 | Ferrum | $1,228 (±$231) |
| 7 | Rocky Mount | $1,082 (±$165) |
Westlake Corner is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Westlake Corner
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Westlake Corner beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Westlake Corner, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Westlake Corner, and send estimates and invoices from your phone.
Questions about Westlake Corner
What is the average mortgage payment in Westlake Corner?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Westlake Corner, VA is $1,281 (±$548) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Westlake Corner?
Owners without a mortgage in Westlake Corner pay a median of $560 (±$145) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Westlake Corner gone up?
In Westlake Corner, the median monthly cost with a mortgage went from $1,683 in 2015–2019 to $1,281 in 2020–2024 (−23.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Westlake Corner CDP, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Westlake Corner CDP, Virginia
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Westlake Corner CDP, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Westlake Corner CDP, Virginia
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Westlake Corner CDP, Virginia
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Westlake Corner CDP, Virginia (place:84632, in state:51).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Westlake Corner at a glance
- Median rent in Westlake Corner
- Income and affordability in Westlake Corner
- Home values in Westlake Corner
- Property taxes in Westlake Corner
- Types of homes in Westlake Corner
- Heating fuel in Westlake Corner
- Commute and cars in Westlake Corner
- Population growth in Westlake Corner
- Virginia landlord and tenant rules
- Housing across Franklin County
- Housing data for every place in Virginia