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.
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