Total monthly cost of ownership
Cost to Own a Home in New Martinsville, West Virginia
A $113,000 home here costs
$1,021per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $440 higher every month — 76% 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.
New Martinsville against Wetzel County and West Virginia
| Measure | New Martinsville | Wetzel County |
|---|---|---|
| Median home value | $112,600 | $102,800 |
| Median property tax | $806 | $664 |
| Effective tax rate | 0.716% | 0.646% |
| Median gross rent | $718 | $703 |
| Population | 5,175 | 14,233 |
The weather behind that power bill
New Martinsville sits in Wetzel County, which averages a high of 84.1°F in its hottest month and a low of 18.7°F in its coldest, with 51.44" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 667 cooling and 5,739 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Wetzel County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wetzel County
Full Wetzel County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in New Martinsville?
A $113,000 home in New Martinsville, West Virginia costs approximately $1,021 per month with 20% down at 6.66%. That is $581 principal and interest, $67 property tax, $60 homeowners insurance, $219 utilities and $94 set aside for maintenance.
What is the property tax rate in New Martinsville?
New Martinsville has an effective property tax rate of 0.716%, based on a median home value of $112,600 and median real estate taxes of $806. That is higher than the Wetzel County average of 0.646%.
What is the average home price in New Martinsville?
The median owner-occupied home value in New Martinsville, West Virginia is $112,600, against $102,800 across Wetzel County.
Is it cheaper to rent or buy in New Martinsville?
Median gross rent in New Martinsville is $718 a month, against $1,021 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 New Martinsville — 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.