Total monthly cost of ownership
Cost to Own a Home in Falling Waters, West Virginia
A $207,000 home here costs
$1,679per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,064. The real number is $615 higher every month — 58% 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.
Falling Waters against Berkeley County and West Virginia
| Measure | Falling Waters | Berkeley County |
|---|---|---|
| Median home value | $207,200 | $248,000 |
| Median property tax | $1,378 | $1,353 |
| Effective tax rate | 0.665% | 0.546% |
| Median gross rent | $1,341 | $1,238 |
| Population | 2,384 | 126,165 |
The weather behind that power bill
Falling Waters sits in Berkeley 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 Berkeley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Berkeley County
Full Berkeley County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Falling Waters?
A $207,000 home in Falling Waters, West Virginia costs approximately $1,679 per month with 20% down at 6.66%. That is $1,064 principal and interest, $115 property tax, $109 homeowners insurance, $219 utilities and $173 set aside for maintenance.
What is the property tax rate in Falling Waters?
Falling Waters has an effective property tax rate of 0.665%, based on a median home value of $207,200 and median real estate taxes of $1,378. That is higher than the Berkeley County average of 0.546%.
What is the average home price in Falling Waters?
The median owner-occupied home value in Falling Waters, West Virginia is $207,200, against $248,000 across Berkeley County.
Is it cheaper to rent or buy in Falling Waters?
Median gross rent in Falling Waters is $1,341 a month, against $1,679 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 Falling Waters — 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.