Total monthly cost of ownership
Cost to Own a Home in Romney, West Virginia
A $150,000 home here costs
$1,256per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $771. The real number is $485 higher every month — 63% 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.
Romney against Hampshire County and West Virginia
| Measure | Romney | Hampshire County |
|---|---|---|
| Median home value | $150,000 | $204,600 |
| Median property tax | $745 | $745 |
| Effective tax rate | 0.497% | 0.364% |
| Median gross rent | $586 | $732 |
| Population | 1,714 | 23,340 |
The weather behind that power bill
Romney sits in Hampshire County, which averages a high of 86.3°F in its hottest month and a low of 20.8°F in its coldest, with 38.24" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 853 cooling and 5,325 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Hampshire County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hampshire County
No other places of this size are published in Hampshire County.
Full Hampshire County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Romney?
A $150,000 home in Romney, West Virginia costs approximately $1,256 per month with 20% down at 6.66%. That is $771 principal and interest, $62 property tax, $79 homeowners insurance, $219 utilities and $125 set aside for maintenance.
What is the property tax rate in Romney?
Romney has an effective property tax rate of 0.497%, based on a median home value of $150,000 and median real estate taxes of $745. That is higher than the Hampshire County average of 0.364%.
What is the average home price in Romney?
The median owner-occupied home value in Romney, West Virginia is $150,000, against $204,600 across Hampshire County.
Is it cheaper to rent or buy in Romney?
Median gross rent in Romney is $586 a month, against $1,256 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 Romney — 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.