Weirton, WV

Rent vs buy in Weirton

Median home $121,400. A 1 bedrooms rents for $588 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $588; per month
Own the median home: $805; P&I, tax, insurance, upkeep
Owning costs extra: $217; per month, same metro

What a purchase actually costs

20% down payment$24,280
Mortgage at 6.5%$614
Property tax (0.79% of value)$80/mo · $959/yr
Insurance and upkeep (1.1%/yr)$111
Total monthly ownership$805

Months of leftover to save the down payment

At $2,491 left over a month, it takes about 10 months (0.8 years) to save $24,280 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.