Total monthly cost of ownership
Cost to Own a Home in Craigsville, West Virginia
A $95,000 home here costs
$911per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $39,000 a year.
A standard mortgage calculator would have told you $518. The real number is $394 higher every month, 76% more than the payment most buyers budget for.
Compare Nicholas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Craigsville from a five-year rolling sample, and with about 1,584 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Nicholas County figures are drawn from a far larger sample if you want a steadier number.
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 $168 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
Talk to someone who works this market
These are Craigsville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Craigsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Craigsville I already own here and may sell
Common questions
How much does it cost to own a home in Craigsville?
A $95,000 home in Craigsville, West Virginia costs approximately $911 per month with 20% down at 7.24%. That is $518 principal and interest, $29 property tax, $50 homeowners insurance, $236 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 $911 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Craigsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Craigsville, West Virginia at today's rate takes a household income of roughly $39,000 a year. That covers the full $911 monthly cost, not just the mortgage payment.
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.