Total monthly cost of ownership
Cost to Own a Home in Paden City, West Virginia
A $102,000 home here costs
$983per 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 $42,000 a year.
A standard mortgage calculator would have told you $556. The real number is $427 higher every month, 77% more than the payment most buyers budget for.
Compare Wetzel County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Paden City from a five-year rolling sample, and with about 2,529 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 Wetzel 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.
Paden City against Wetzel County and West Virginia
| Measure | Paden City | Wetzel County |
|---|---|---|
| Median home value | $102,100 | $102,800 |
| Median property tax | $633 | $664 |
| Effective tax rate | 0.620% | 0.646% |
| Median gross rent | $830 | $703 |
| Population | 2,529 | 14,233 |
Paden City extends across 2 counties. Figures here use Wetzel County, where most of its housing sits.
The weather behind that power bill
Paden City 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 $168 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
Talk to someone who works this market
These are Paden City 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 Paden City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Paden City I already own here and may sell
Common questions
How much does it cost to own a home in Paden City?
A $102,000 home in Paden City, West Virginia costs approximately $983 per month with 20% down at 7.24%. That is $556 principal and interest, $53 property tax, $54 homeowners insurance, $236 utilities and $85 set aside for maintenance.
What is the property tax rate in Paden City?
Paden City has an effective property tax rate of 0.620%, based on a median home value of $102,100 and median real estate taxes of $633. That is lower than the Wetzel County average of 0.646%.
What is the average home price in Paden City?
The median owner-occupied home value in Paden City, West Virginia is $102,100, against $102,800 across Wetzel County.
Is it cheaper to rent or buy in Paden City?
Median gross rent in Paden City is $830 a month, against $983 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Paden City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Paden City, West Virginia at today's rate takes a household income of roughly $42,000 a year. That covers the full $983 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Paden City, 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.