Total monthly cost of ownership
Cost to Own a Home in Bolivar, West Virginia
A $254,000 home here costs
$1,999per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,306. The real number is $693 higher every month — 53% 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.
Bolivar against Jefferson County and West Virginia
| Measure | Bolivar | Jefferson County |
|---|---|---|
| Median home value | $253,700 | $324,500 |
| Median property tax | $1,544 | $1,796 |
| Effective tax rate | 0.609% | 0.553% |
| Median gross rent | $1,420 | $1,103 |
| Population | 1,317 | 58,546 |
The weather behind that power bill
Bolivar sits in Jefferson County, which averages a high of 86.9°F in its hottest month and a low of 23.5°F in its coldest, with 38.97" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,013 cooling and 4,947 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Bolivar?
A $254,000 home in Bolivar, West Virginia costs approximately $1,999 per month with 20% down at 6.66%. That is $1,306 principal and interest, $129 property tax, $134 homeowners insurance, $219 utilities and $212 set aside for maintenance.
What is the property tax rate in Bolivar?
Bolivar has an effective property tax rate of 0.609%, based on a median home value of $253,700 and median real estate taxes of $1,544. That is higher than the Jefferson County average of 0.553%.
What is the average home price in Bolivar?
The median owner-occupied home value in Bolivar, West Virginia is $253,700, against $324,500 across Jefferson County.
Is it cheaper to rent or buy in Bolivar?
Median gross rent in Bolivar is $1,420 a month, against $1,999 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 Bolivar — 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.