Total monthly cost of ownership
Cost to Own a Home in Teays Valley, West Virginia
A $272,000 home here costs
$2,114per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,398. The real number is $715 higher every month — 51% 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.
Teays Valley against Putnam County and West Virginia
| Measure | Teays Valley | Putnam County |
|---|---|---|
| Median home value | $271,900 | $214,200 |
| Median property tax | $1,515 | $1,235 |
| Effective tax rate | 0.557% | 0.577% |
| Median gross rent | $1,238 | $975 |
| Population | 13,961 | 57,250 |
The weather behind that power bill
Teays Valley sits in Putnam County, which averages a high of 87.0°F in its hottest month and a low of 24.0°F in its coldest, with 39.48" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,154 cooling and 4,568 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Putnam County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Putnam County
Full Putnam County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Teays Valley?
A $272,000 home in Teays Valley, West Virginia costs approximately $2,114 per month with 20% down at 6.66%. That is $1,398 principal and interest, $126 property tax, $143 homeowners insurance, $219 utilities and $227 set aside for maintenance.
What is the property tax rate in Teays Valley?
Teays Valley has an effective property tax rate of 0.557%, based on a median home value of $271,900 and median real estate taxes of $1,515. That is lower than the Putnam County average of 0.577%.
What is the average home price in Teays Valley?
The median owner-occupied home value in Teays Valley, West Virginia is $271,900, against $214,200 across Putnam County.
Is it cheaper to rent or buy in Teays Valley?
Median gross rent in Teays Valley is $1,238 a month, against $2,114 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 Teays Valley — 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.