According to data from ClosingCorp, the average closing cost in Virginia is $6,185.83 after taxes, or approximately 1.55% to 2.06% 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 $4,639.37 and $8,247.77 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $300,000 to $400,000 |
| Average total closing cost | $6,185.83 |
| Expected closing cost range | $4,639.37 to $8,247.77 |
| Percentage of closing cost to home sale price | 1.55% to 2.06% |
Buyers and sellers in Virginia pay an average of $2,828.05 in tax combined for the closing. This accounts for 45.72% of the total average closing cost in Virginia.
| Value | |
|---|---|
| Average tax paid | $2,828.05 |
| Percentage of total closing cost | 45.72% |
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* | |
|---|---|---|
| Before taxes | $3,357.78 | 27 |
| After taxes | $6,185.83 | 42 |
*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.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
Learn how to turn your property’s value into the funding your business needs to thrive.
Fast funding with a catch — find out if PayDaySay is worth it for short-term emergency loans.
A review of Cash Loans Express, a loan connection service that raises numerous red flags.
A review of MoneyKey, a lender that offers installment loans and lines of credit up to $3,500 to borrowers with poor credit.
APY stands for “annual percentage yield” and factors in compound interest. See why the difference between APY and interest matters so much.
Interest-bearing accounts passively grow your money. Compare common types of accounts that earn interest and find the best one for you.
Try to keep enough money in your checking account to cover monthly expenses, plus a small cushion. Read more tips here.
The Chime Credit Builder Card can help you build credit without charging interest and doesn’t require a deposit or monthly fee.
Explore cash advance apps like Ualett, perfect for gig workers looking for quick funding, budgeting support and flexible borrowing options.
A review of CashUSA, a loan connection service that may match you with lenders offering loans up to $10,000.