Total monthly cost of ownership
Cost to Own a Home in Milton, West Virginia
A $124,000 home here costs
$1,106per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $468 higher every month — 73% 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.
Milton against Cabell County and West Virginia
| Measure | Milton | Cabell County |
|---|---|---|
| Median home value | $123,500 | $156,100 |
| Median property tax | $962 | $989 |
| Effective tax rate | 0.779% | 0.634% |
| Median gross rent | $1,050 | $877 |
| Population | 2,773 | 93,300 |
The weather behind that power bill
Milton sits in Cabell County, which averages a high of 88.5°F in its hottest month and a low of 26.8°F in its coldest, with 46.6" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,404 cooling and 4,166 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Cabell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cabell County
Full Cabell County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Milton?
A $124,000 home in Milton, West Virginia costs approximately $1,106 per month with 20% down at 6.66%. That is $637 principal and interest, $80 property tax, $65 homeowners insurance, $219 utilities and $103 set aside for maintenance.
What is the property tax rate in Milton?
Milton has an effective property tax rate of 0.779%, based on a median home value of $123,500 and median real estate taxes of $962. That is higher than the Cabell County average of 0.634%.
What is the average home price in Milton?
The median owner-occupied home value in Milton, West Virginia is $123,500, against $156,100 across Cabell County.
Is it cheaper to rent or buy in Milton?
Median gross rent in Milton is $1,050 a month, against $1,106 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 Milton — 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.