Total monthly cost of ownership
Cost to Own a Home in Moorefield, West Virginia
A $121,000 home here costs
$1,054per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $432 higher every month — 69% 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.
Moorefield against Hardy County and West Virginia
| Measure | Moorefield | Hardy County |
|---|---|---|
| Median home value | $121,400 | $159,700 |
| Median property tax | $578 | $586 |
| Effective tax rate | 0.476% | 0.367% |
| Median gross rent | $665 | $820 |
| Population | 2,952 | 14,236 |
The weather behind that power bill
Moorefield sits in Hardy County, which averages a high of 88.5°F in its hottest month and a low of 23.3°F in its coldest, with 40.32" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,060 cooling and 4,795 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Hardy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardy County
No other places of this size are published in Hardy County.
Full Hardy County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Moorefield?
A $121,000 home in Moorefield, West Virginia costs approximately $1,054 per month with 20% down at 6.66%. That is $622 principal and interest, $48 property tax, $64 homeowners insurance, $219 utilities and $101 set aside for maintenance.
What is the property tax rate in Moorefield?
Moorefield has an effective property tax rate of 0.476%, based on a median home value of $121,400 and median real estate taxes of $578. That is higher than the Hardy County average of 0.367%.
What is the average home price in Moorefield?
The median owner-occupied home value in Moorefield, West Virginia is $121,400, against $159,700 across Hardy County.
Is it cheaper to rent or buy in Moorefield?
Median gross rent in Moorefield is $665 a month, against $1,054 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 Moorefield — 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.