Total monthly cost of ownership
Cost to Own a Home in Washington, West Virginia
A $208,000 home here costs
$1,669per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,069. The real number is $599 higher every month — 56% 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.
Washington against Wood County and West Virginia
| Measure | Washington | Wood County |
|---|---|---|
| Median home value | $207,500 | $153,700 |
| Median property tax | $1,166 | $943 |
| Effective tax rate | 0.562% | 0.614% |
| Median gross rent | $1,059 | $789 |
| Population | 1,129 | 83,829 |
The weather behind that power bill
Washington sits in Wood County, which averages a high of 86.6°F in its hottest month and a low of 24.0°F in its coldest, with 44.21" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,179 cooling and 4,815 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Wood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wood County
Full Wood County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Washington?
A $208,000 home in Washington, West Virginia costs approximately $1,669 per month with 20% down at 6.66%. That is $1,069 principal and interest, $97 property tax, $110 homeowners insurance, $219 utilities and $173 set aside for maintenance.
What is the property tax rate in Washington?
Washington has an effective property tax rate of 0.562%, based on a median home value of $207,500 and median real estate taxes of $1,166. That is lower than the Wood County average of 0.614%.
What is the average home price in Washington?
The median owner-occupied home value in Washington, West Virginia is $207,500, against $153,700 across Wood County.
Is it cheaper to rent or buy in Washington?
Median gross rent in Washington is $1,059 a month, against $1,669 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 Washington — 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.