Total monthly cost of ownership
Cost to Own a Home in Fayetteville, West Virginia
A $165,000 home here costs
$1,370per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $522 higher every month — 61% 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.
Fayetteville against Fayette County and West Virginia
| Measure | Fayetteville | Fayette County |
|---|---|---|
| Median home value | $165,000 | $104,200 |
| Median property tax | $938 | $690 |
| Effective tax rate | 0.568% | 0.662% |
| Median gross rent | $1,035 | $777 |
| Population | 2,864 | 39,987 |
The weather behind that power bill
Fayetteville sits in Fayette County, which averages a high of 81.3°F in its hottest month and a low of 22.8°F in its coldest, with 47.86" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 639 cooling and 5,193 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Fayetteville?
A $165,000 home in Fayetteville, West Virginia costs approximately $1,370 per month with 20% down at 6.66%. That is $848 principal and interest, $78 property tax, $87 homeowners insurance, $219 utilities and $138 set aside for maintenance.
What is the property tax rate in Fayetteville?
Fayetteville has an effective property tax rate of 0.568%, based on a median home value of $165,000 and median real estate taxes of $938. That is lower than the Fayette County average of 0.662%.
What is the average home price in Fayetteville?
The median owner-occupied home value in Fayetteville, West Virginia is $165,000, against $104,200 across Fayette County.
Is it cheaper to rent or buy in Fayetteville?
Median gross rent in Fayetteville is $1,035 a month, against $1,370 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 Fayetteville — 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.