Cost of Ownership · West Virginia
The true cost of owning a home in West Virginia
For a median $162,600 home in West Virginia, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,159/mo
PITI + PMI
True monthly cost
$1,294/mo
everything, incl. upkeep
The gap
+$136/mo
what approval leaves out
Effective property-tax rate
0.53%
Avg. homeowners premium
$1,113/yr
NFIP flood claims on record
27,832
Closing costs in West Virginia
Median closing costs and lender origination charges on real home-purchase loans in West Virginia, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$5,496
Typically $3,856–$8,219
Median origination charges
$2,128
Typically $1,150–$3,900
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,856 | $5,496 | $8,219 | 13,419 |
| All | $3,546 | $5,339 | $7,951 | 12,879 |
| < $250k | $3,622 | $4,968 | $6,955 | 7,924 |
| < $250k | $3,349 | $4,849 | $6,720 | 8,726 |
| $250k–$500k | $4,314 | $7,115 | $10,824 | 4,847 |
| $250k–$500k | $4,112 | $7,576 | $11,442 | 3,762 |
| $500k–$750k | $4,375 | $6,521 | $13,833 | 331 |
| $500k–$750k | $4,696 | $6,616 | $12,618 | 545 |
| > $750k | $5,328 | $6,375 | $8,051 | 103 |
| > $750k | $4,875 | $6,128 | $8,132 | 60 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in West Virginia
- What are the median closing costs in West Virginia?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in West Virginia are about $5,496, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in West Virginia?
- The effective property-tax rate in West Virginia is about 0.53%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in West Virginia?
- A median $162,600 home in West Virginia costs about $1,294 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,159. Every figure is from public data.
These figures use West Virginia's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how West Virginia ranks on property tax and insurance, or browse every state.