Loch Lomond's January First-Time Homebuyer Report

The population of Loch Lomond is very affluent compared to others in Virginia with a median income of $81,831 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 111.6. Loch Lomond is made up of homes that are older than most with a median of 44 years. The top school in the city is Osbourn Park High School.

Price Range

Homes in Loch Lomond are worth a median of $186,600, similar to other parts of Virginia. Additionally, the list prices of available homes is currently at an average of $309,824. The Loch Lomond market was solid this week as sales shot up 25.0% to hit five homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Loch Lomond:

$431K   $345K  

Typical Dwelling

A three-bedroom detached home valued around $284,835 is considered a typical dwelling in Loch Lomond. If a buyer was looking for a similar home, they would need good credit and a $56,967 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,498 and the property tax rate is $12.99 per $1,000 of taxable assessed value.

Get started right now by checking out Loch Lomond homes for sale or reviewing Loch Lomond real estate trends.


Data reported through 1/12/2017

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