Are you wondering how much house you can actually afford?
You’re not alone — it’s one of the most common questions I get as a realtor serving Colonial Beach, King George, and Westmoreland County. That’s why I created a simple, no-fluff breakdown to help you answer that question with confidence.
🎥 Watch the Video: How Much House Can I Afford?
🧮 Understanding What You Can Really Afford in Colonial Beach
Before you start browsing Zillow or falling in love with houses on social media, let’s break down what actually matters.
Here’s the rule of thumb:
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Spend no more than 28% of your gross monthly income on housing costs.
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Keep total debt payments (including mortgage, car loans, student loans, etc.) under 36% of your income.
For example, if you make $75,000 a year, your monthly gross income is about $6,250.
28% of that is $1,750/month — that’s your target total housing cost, including mortgage, taxes, insurance, and PMI (if needed).
💡 But Here’s What Most Buyers Forget…
Your mortgage isn’t the only monthly cost. You also need to factor in:
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Property taxes
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Homeowner’s insurance
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Private mortgage insurance (PMI)
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HOA dues (if applicable)
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Maintenance & repairs (plan for 1% of home value/year)
📍 Local Insight: Colonial Beach & King George Market
In our area, the median home price is around $312,000, which means many first-time buyers are looking for homes in the $250K–$325K range. The good news? There are great starter homes and financing programs available — especially if you know where to look (that’s where I come in 😉).
🧠 Want a Personalized Budget Plan?
You don’t have to guess.
I offer a free custom home affordability plan — no pressure, just real numbers tailored to your income, credit, and goals.
📲 DM me the word “AFFORD” or click here to book a free consultation and I’ll personally walk you through your options.
📌 Final Thoughts
Knowing your numbers is power. It helps you shop smart, avoid disappointment, and move with confidence when the right home hits the market.
If you’re even thinking about buying in Colonial Beach, King George, or Westmoreland County, reach out — I’d love to help you run the numbers and get started the right way.