Total monthly cost of ownership
Cost to Own a Home in Wayne, West Virginia
A $74,000 home here costs
$741per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $380. The real number is $361 higher every month — 95% 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.
Wayne against Wayne County and West Virginia
| Measure | Wayne | Wayne County |
|---|---|---|
| Median home value | $74,200 | $124,900 |
| Median property tax | $494 | $589 |
| Effective tax rate | 0.666% | 0.472% |
| Median gross rent | $732 | $883 |
| Population | 1,433 | 38,498 |
The weather behind that power bill
Wayne sits in Wayne County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 45.1" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,234 cooling and 4,321 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in West Virginia
Common questions
How much does it cost to own a home in Wayne?
A $74,000 home in Wayne, West Virginia costs approximately $741 per month with 20% down at 6.66%. That is $380 principal and interest, $41 property tax, $39 homeowners insurance, $219 utilities and $62 set aside for maintenance.
What is the property tax rate in Wayne?
Wayne has an effective property tax rate of 0.666%, based on a median home value of $74,200 and median real estate taxes of $494. That is higher than the Wayne County average of 0.472%.
What is the average home price in Wayne?
The median owner-occupied home value in Wayne, West Virginia is $74,200, against $124,900 across Wayne County.
Is it cheaper to rent or buy in Wayne?
Median gross rent in Wayne is $732 a month, against $741 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 Wayne — 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.