Total monthly cost of ownership
Cost to Own a Home in Craigsville, West Virginia
A $95,000 home here costs
$865per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $377 higher every month — 77% 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.
Craigsville against Nicholas County and West Virginia
| Measure | Craigsville | Nicholas County |
|---|---|---|
| Median home value | $95,300 | $114,200 |
| Median property tax | $347 | $550 |
| Effective tax rate | 0.364% | 0.482% |
| Median gross rent | $607 | $669 |
| Population | 1,584 | 24,446 |
The weather behind that power bill
Craigsville sits in Nicholas County, which averages a high of 81.4°F in its hottest month and a low of 20.7°F in its coldest, with 49.75" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 593 cooling and 5,443 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Nicholas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nicholas County
Full Nicholas County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Craigsville?
A $95,000 home in Craigsville, West Virginia costs approximately $865 per month with 20% down at 6.66%. That is $488 principal and interest, $29 property tax, $50 homeowners insurance, $219 utilities and $79 set aside for maintenance.
What is the property tax rate in Craigsville?
Craigsville has an effective property tax rate of 0.364%, based on a median home value of $95,300 and median real estate taxes of $347. That is lower than the Nicholas County average of 0.482%.
What is the average home price in Craigsville?
The median owner-occupied home value in Craigsville, West Virginia is $95,300, against $114,200 across Nicholas County.
Is it cheaper to rent or buy in Craigsville?
Median gross rent in Craigsville is $607 a month, against $865 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 Craigsville — 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.