Total monthly cost of ownership
Cost to Own a Home in Bluewell, West Virginia
A $138,000 home here costs
$1,162per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $452 higher every month — 64% 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.
Bluewell against Mercer County and West Virginia
| Measure | Bluewell | Mercer County |
|---|---|---|
| Median home value | $137,800 | $118,600 |
| Median property tax | $544 | $589 |
| Effective tax rate | 0.395% | 0.497% |
| Median gross rent | $874 | $813 |
| Population | 2,281 | 59,062 |
The weather behind that power bill
Bluewell sits in Mercer County, which averages a high of 78.9°F in its hottest month and a low of 23.8°F in its coldest, with 41.24" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 536 cooling and 5,219 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Mercer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Full Mercer County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Bluewell?
A $138,000 home in Bluewell, West Virginia costs approximately $1,162 per month with 20% down at 6.66%. That is $709 principal and interest, $45 property tax, $73 homeowners insurance, $219 utilities and $115 set aside for maintenance.
What is the property tax rate in Bluewell?
Bluewell has an effective property tax rate of 0.395%, based on a median home value of $137,800 and median real estate taxes of $544. That is lower than the Mercer County average of 0.497%.
What is the average home price in Bluewell?
The median owner-occupied home value in Bluewell, West Virginia is $137,800, against $118,600 across Mercer County.
Is it cheaper to rent or buy in Bluewell?
Median gross rent in Bluewell is $874 a month, against $1,162 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 Bluewell — 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.