Total monthly cost of ownership
Cost to Own a Home in Follansbee, West Virginia
A $137,000 home here costs
$1,173per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $704. The real number is $469 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.
Follansbee against Brooke County and West Virginia
| Measure | Follansbee | Brooke County |
|---|---|---|
| Median home value | $137,100 | $127,700 |
| Median property tax | $767 | $690 |
| Effective tax rate | 0.559% | 0.540% |
| Median gross rent | $592 | $603 |
| Population | 2,790 | 22,053 |
The weather behind that power bill
Follansbee sits in Brooke County, which averages a high of 82.9°F in its hottest month and a low of 22.3°F in its coldest, with 37.55" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 782 cooling and 5,419 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Brooke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brooke County
Full Brooke County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Follansbee?
A $137,000 home in Follansbee, West Virginia costs approximately $1,173 per month with 20% down at 6.66%. That is $704 principal and interest, $64 property tax, $72 homeowners insurance, $219 utilities and $114 set aside for maintenance.
What is the property tax rate in Follansbee?
Follansbee has an effective property tax rate of 0.559%, based on a median home value of $137,100 and median real estate taxes of $767. That is higher than the Brooke County average of 0.540%.
What is the average home price in Follansbee?
The median owner-occupied home value in Follansbee, West Virginia is $137,100, against $127,700 across Brooke County.
Is it cheaper to rent or buy in Follansbee?
Median gross rent in Follansbee is $592 a month, against $1,173 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 Follansbee — 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.