Total monthly cost of ownership
Cost to Own a Home in Hamlin, West Virginia
A $93,000 home here costs
$878per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $400 higher every month — 84% 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.
Hamlin against Lincoln County and West Virginia
| Measure | Hamlin | Lincoln County |
|---|---|---|
| Median home value | $92,500 | $103,400 |
| Median property tax | $652 | $494 |
| Effective tax rate | 0.705% | 0.478% |
| Median gross rent | $719 | $727 |
| Population | 1,173 | 20,170 |
The weather behind that power bill
Hamlin sits in Lincoln County, which averages a high of 88.3°F in its hottest month and a low of 23.0°F in its coldest, with 47.58" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,196 cooling and 4,559 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
No other places of this size are published in Lincoln County.
Full Lincoln County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Hamlin?
A $93,000 home in Hamlin, West Virginia costs approximately $878 per month with 20% down at 6.66%. That is $478 principal and interest, $55 property tax, $49 homeowners insurance, $219 utilities and $78 set aside for maintenance.
What is the property tax rate in Hamlin?
Hamlin has an effective property tax rate of 0.705%, based on a median home value of $92,500 and median real estate taxes of $652. That is higher than the Lincoln County average of 0.478%.
What is the average home price in Hamlin?
The median owner-occupied home value in Hamlin, West Virginia is $92,500, against $103,400 across Lincoln County.
Is it cheaper to rent or buy in Hamlin?
Median gross rent in Hamlin is $719 a month, against $878 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 Hamlin — 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.