Total monthly cost of ownership
Cost to Own a Home in Fort Ashby, West Virginia
A $215,000 home here costs
$1,791per 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 $76,500 a year.
A standard mortgage calculator would have told you $1,172. The real number is $619 higher every month, 53% more than the payment most buyers budget for.
Compare Mineral County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fort Ashby from a five-year rolling sample, and with about 1,011 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 Mineral 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.
Fort Ashby against Mineral County and West Virginia
| Measure | Fort Ashby | Mineral County |
|---|---|---|
| Median home value | $215,400 | $180,400 |
| Median property tax | $1,090 | $838 |
| Effective tax rate | 0.506% | 0.465% |
| Median gross rent | $905 | $684 |
| Population | 1,011 | 26,922 |
The weather behind that power bill
Fort Ashby sits in Mineral County, which averages a high of 88.6°F in its hottest month and a low of 20.7°F in its coldest, with 41.4" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 907 cooling and 5,421 heating degree days, which is what sets the $168 electricity line above.
See the full climate breakdown for Mineral County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mineral County
Full Mineral County cost breakdown · Every county in West Virginia
Talk to someone who works this market
These are Fort Ashby 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 Fort Ashby every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Ashby I already own here and may sell
Common questions
How much does it cost to own a home in Fort Ashby?
A $215,000 home in Fort Ashby, West Virginia costs approximately $1,791 per month with 20% down at 7.24%. That is $1,172 principal and interest, $91 property tax, $113 homeowners insurance, $236 utilities and $179 set aside for maintenance.
What is the property tax rate in Fort Ashby?
Fort Ashby has an effective property tax rate of 0.506%, based on a median home value of $215,400 and median real estate taxes of $1,090. That is higher than the Mineral County average of 0.465%.
What is the average home price in Fort Ashby?
The median owner-occupied home value in Fort Ashby, West Virginia is $215,400, against $180,400 across Mineral County.
Is it cheaper to rent or buy in Fort Ashby?
Median gross rent in Fort Ashby is $905 a month, against $1,791 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 Fort Ashby?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Ashby, West Virginia at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,791 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Ashby, 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.