Total monthly cost of ownership
Cost to Own a Home in Oceana, West Virginia
A $61,000 home here costs
$671per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $29,000 a year.
A standard mortgage calculator would have told you $333. The real number is $339 higher every month, 102% more than the payment most buyers budget for.
Compare Wyoming County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Oceana from a five-year rolling sample, and with about 1,421 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Wyoming County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Oceana against Wyoming County and West Virginia
| Measure | Oceana | Wyoming County |
|---|---|---|
| Median home value | $60,800 | $78,400 |
| Median property tax | $240 | $344 |
| Effective tax rate | 0.395% | 0.439% |
| Median gross rent | $932 | $737 |
| Population | 1,421 | 20,948 |
The weather behind that power bill
Oceana sits in Wyoming County, which averages a high of 83.4°F in its hottest month and a low of 24.5°F in its coldest, with 48.54" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 892 cooling and 4,857 heating degree days, which is what sets the $168 electricity line above.
See the full climate breakdown for Wyoming County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wyoming County
Full Wyoming County cost breakdown · Every county in West Virginia
Talk to someone who works this market
These are Oceana averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Oceana every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oceana I already own here and may sell
Common questions
How much does it cost to own a home in Oceana?
A $61,000 home in Oceana, West Virginia costs approximately $671 per month with 20% down at 7.24%. That is $333 principal and interest, $20 property tax, $32 homeowners insurance, $236 utilities and $51 set aside for maintenance.
What is the property tax rate in Oceana?
Oceana has an effective property tax rate of 0.395%, based on a median home value of $60,800 and median real estate taxes of $240. That is lower than the Wyoming County average of 0.439%.
What is the average home price in Oceana?
The median owner-occupied home value in Oceana, West Virginia is $60,800, against $78,400 across Wyoming County.
Is it cheaper to rent or buy in Oceana?
Median gross rent in Oceana is $932 a month, against $671 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Oceana?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oceana, West Virginia at today's rate takes a household income of roughly $29,000 a year. That covers the full $671 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oceana, 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.