Total monthly cost of ownership
Cost to Own a Home in Philippi, West Virginia
A $111,000 home here costs
$1,039per 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 $44,500 a year.
A standard mortgage calculator would have told you $605. The real number is $434 higher every month, 72% more than the payment most buyers budget for.
Compare Barbour County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Philippi from a five-year rolling sample, and with about 2,919 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 Barbour 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.
Philippi against Barbour County and West Virginia
| Measure | Philippi | Barbour County |
|---|---|---|
| Median home value | $110,900 | $126,000 |
| Median property tax | $566 | $538 |
| Effective tax rate | 0.510% | 0.427% |
| Median gross rent | $780 | $803 |
| Population | 2,919 | 15,454 |
The weather behind that power bill
Philippi sits in Barbour County, which averages a high of 85.5°F in its hottest month and a low of 24.6°F in its coldest, with 44.84" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,028 cooling and 4,661 heating degree days, which is what sets the $168 electricity line above.
See the full climate breakdown for Barbour County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barbour County
Full Barbour County cost breakdown · Every county in West Virginia
Talk to someone who works this market
These are Philippi 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 Philippi every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Philippi I already own here and may sell
Common questions
How much does it cost to own a home in Philippi?
A $111,000 home in Philippi, West Virginia costs approximately $1,039 per month with 20% down at 7.24%. That is $605 principal and interest, $47 property tax, $58 homeowners insurance, $236 utilities and $93 set aside for maintenance.
What is the property tax rate in Philippi?
Philippi has an effective property tax rate of 0.510%, based on a median home value of $110,900 and median real estate taxes of $566. That is higher than the Barbour County average of 0.427%.
What is the average home price in Philippi?
The median owner-occupied home value in Philippi, West Virginia is $110,900, against $126,000 across Barbour County.
Is it cheaper to rent or buy in Philippi?
Median gross rent in Philippi is $780 a month, against $1,039 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 Philippi?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Philippi, West Virginia at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,039 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Philippi, 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.