Total monthly cost of ownership
Cost to Own a Home in Grafton, West Virginia
A $73,000 home here costs
$731per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $375. The real number is $356 higher every month — 95% 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.
Grafton against Taylor County and West Virginia
| Measure | Grafton | Taylor County |
|---|---|---|
| Median home value | $72,700 | $144,000 |
| Median property tax | $446 | $759 |
| Effective tax rate | 0.613% | 0.527% |
| Median gross rent | $429 | $672 |
| Population | 4,671 | 16,543 |
The weather behind that power bill
Grafton sits in Taylor County, which averages a high of 81.2°F in its hottest month and a low of 21.2°F in its coldest, with 48.56" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 600 cooling and 5,493 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Taylor County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Taylor County
No other places of this size are published in Taylor County.
Full Taylor County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Grafton?
A $73,000 home in Grafton, West Virginia costs approximately $731 per month with 20% down at 6.66%. That is $375 principal and interest, $37 property tax, $38 homeowners insurance, $219 utilities and $61 set aside for maintenance.
What is the property tax rate in Grafton?
Grafton has an effective property tax rate of 0.613%, based on a median home value of $72,700 and median real estate taxes of $446. That is higher than the Taylor County average of 0.527%.
What is the average home price in Grafton?
The median owner-occupied home value in Grafton, West Virginia is $72,700, against $144,000 across Taylor County.
Is it cheaper to rent or buy in Grafton?
Median gross rent in Grafton is $429 a month, against $731 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 Grafton — 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.