Total monthly cost of ownership
Cost to Own a Home in Newell, West Virginia
A $87,000 home here costs
$817per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $370 higher every month — 83% 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.
Newell against Hancock County and West Virginia
| Measure | Newell | Hancock County |
|---|---|---|
| Median home value | $86,700 | $119,600 |
| Median property tax | $387 | $752 |
| Effective tax rate | 0.446% | 0.629% |
| Median gross rent | $823 | $766 |
| Population | 1,252 | 28,658 |
The weather behind that power bill
Newell sits in Hancock County, which averages a high of 83.6°F in its hottest month and a low of 20.9°F in its coldest, with 41.69" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 804 cooling and 5,556 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Hancock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hancock County
Full Hancock County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Newell?
A $87,000 home in Newell, West Virginia costs approximately $817 per month with 20% down at 6.66%. That is $447 principal and interest, $32 property tax, $46 homeowners insurance, $219 utilities and $73 set aside for maintenance.
What is the property tax rate in Newell?
Newell has an effective property tax rate of 0.446%, based on a median home value of $86,700 and median real estate taxes of $387. That is lower than the Hancock County average of 0.629%.
What is the average home price in Newell?
The median owner-occupied home value in Newell, West Virginia is $86,700, against $119,600 across Hancock County.
Is it cheaper to rent or buy in Newell?
Median gross rent in Newell is $823 a month, against $817 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Newell — 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.