Total monthly cost of ownership
Cost to Own a Home in Parsons, West Virginia
A $102,000 home here costs
$922per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $397 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.
Parsons against Tucker County and West Virginia
| Measure | Parsons | Tucker County |
|---|---|---|
| Median home value | $101,500 | $144,700 |
| Median property tax | $471 | $511 |
| Effective tax rate | 0.464% | 0.353% |
| Median gross rent | $808 | $689 |
| Population | 1,481 | 6,698 |
The weather behind that power bill
Parsons sits in Tucker County, which averages a high of 74.1°F in its hottest month and a low of 18.2°F in its coldest, with 56.71" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 154 cooling and 6,852 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Tucker County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tucker County
No other places of this size are published in Tucker County.
Full Tucker County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Parsons?
A $102,000 home in Parsons, West Virginia costs approximately $922 per month with 20% down at 6.66%. That is $524 principal and interest, $39 property tax, $54 homeowners insurance, $219 utilities and $85 set aside for maintenance.
What is the property tax rate in Parsons?
Parsons has an effective property tax rate of 0.464%, based on a median home value of $101,500 and median real estate taxes of $471. That is higher than the Tucker County average of 0.353%.
What is the average home price in Parsons?
The median owner-occupied home value in Parsons, West Virginia is $101,500, against $144,700 across Tucker County.
Is it cheaper to rent or buy in Parsons?
Median gross rent in Parsons is $808 a month, against $922 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 Parsons — 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.