Total monthly cost of ownership
Cost to Own a Home in Oak Hill, West Virginia
A $110,000 home here costs
$1,000per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $434 higher every month — 77% 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.
Oak Hill against Fayette County and West Virginia
| Measure | Oak Hill | Fayette County |
|---|---|---|
| Median home value | $110,400 | $104,200 |
| Median property tax | $789 | $690 |
| Effective tax rate | 0.715% | 0.662% |
| Median gross rent | $826 | $777 |
| Population | 8,057 | 39,987 |
The weather behind that power bill
Oak Hill sits in Fayette County, which averages a high of 81.3°F in its hottest month and a low of 22.8°F in its coldest, with 47.86" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 639 cooling and 5,193 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Oak Hill?
A $110,000 home in Oak Hill, West Virginia costs approximately $1,000 per month with 20% down at 6.66%. That is $566 principal and interest, $66 property tax, $58 homeowners insurance, $219 utilities and $92 set aside for maintenance.
What is the property tax rate in Oak Hill?
Oak Hill has an effective property tax rate of 0.715%, based on a median home value of $110,400 and median real estate taxes of $789. That is higher than the Fayette County average of 0.662%.
What is the average home price in Oak Hill?
The median owner-occupied home value in Oak Hill, West Virginia is $110,400, against $104,200 across Fayette County.
Is it cheaper to rent or buy in Oak Hill?
Median gross rent in Oak Hill is $826 a month, against $1,000 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 Oak Hill — 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.