Total monthly cost of ownership
Cost to Own a Home in Ceredo, West Virginia
A $126,000 home here costs
$1,080per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $648. The real number is $432 higher every month — 67% 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.
Ceredo against Wayne County and West Virginia
| Measure | Ceredo | Wayne County |
|---|---|---|
| Median home value | $126,400 | $124,900 |
| Median property tax | $506 | $589 |
| Effective tax rate | 0.400% | 0.472% |
| Median gross rent | $731 | $883 |
| Population | 1,432 | 38,498 |
The weather behind that power bill
Ceredo sits in Wayne County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 45.1" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,234 cooling and 4,321 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Ceredo?
A $126,000 home in Ceredo, West Virginia costs approximately $1,080 per month with 20% down at 6.66%. That is $648 principal and interest, $42 property tax, $66 homeowners insurance, $219 utilities and $105 set aside for maintenance.
What is the property tax rate in Ceredo?
Ceredo has an effective property tax rate of 0.400%, based on a median home value of $126,400 and median real estate taxes of $506. That is lower than the Wayne County average of 0.472%.
What is the average home price in Ceredo?
The median owner-occupied home value in Ceredo, West Virginia is $126,400, against $124,900 across Wayne County.
Is it cheaper to rent or buy in Ceredo?
Median gross rent in Ceredo is $731 a month, against $1,080 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 Ceredo — 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.