Total monthly cost of ownership
Cost to Own a Home in Alderson, West Virginia
A $119,000 home here costs
$1,058per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $446 higher every month — 73% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alderson against Greenbrier County and West Virginia
| Measure | Alderson | Greenbrier County |
|---|---|---|
| Median home value | $119,200 | $136,300 |
| Median property tax | $787 | $640 |
| Effective tax rate | 0.660% | 0.470% |
| Median gross rent | $724 | $834 |
| Population | 1,182 | 32,688 |
Alderson extends across 2 counties. Figures here use Greenbrier County, where most of its housing sits.
The weather behind that power bill
Alderson sits in Greenbrier County, which averages a high of 82.4°F in its hottest month and a low of 19.9°F in its coldest, with 41.46" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 563 cooling and 5,737 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Greenbrier County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greenbrier County
Full Greenbrier County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Alderson?
A $119,000 home in Alderson, West Virginia costs approximately $1,058 per month with 20% down at 6.66%. That is $612 principal and interest, $65 property tax, $63 homeowners insurance, $219 utilities and $99 set aside for maintenance.
What is the property tax rate in Alderson?
Alderson has an effective property tax rate of 0.660%, based on a median home value of $119,200 and median real estate taxes of $787. That is higher than the Greenbrier County average of 0.470%.
What is the average home price in Alderson?
The median owner-occupied home value in Alderson, West Virginia is $119,200, against $136,300 across Greenbrier County.
Is it cheaper to rent or buy in Alderson?
Median gross rent in Alderson is $724 a month, against $1,058 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alderson — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for West Virginia.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.