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According to data from ClosingCorp, the average closing cost in Virginia is $5,959 after taxes, or approximately 1.49% to 1.99% of the final home sale price.
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $4,469 and $7,945 in closing costs after taxes.
|Average home sale price||$300,000 to $400,000|
|Average total closing cost||$5,959|
|Expected closing cost range||$4,469 to $7,945|
|Percentage of closing cost to home sale price||1.49% to 1.99%|
Buyers and sellers in Virginia pay an average of $2,677 in tax combined for the closing. This accounts for 44.92% of the total average closing cost in Virginia.
|Average tax paid||$2,677|
|Percentage of total closing cost||44.92%|
The closing costs for buying a home in Virginia are amongst the nation's highest after accounting for taxes. It’s 42 in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Virginia||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Virginia.
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