Rent vs Buy in Parkersburg, WV
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Parkersburg, WV
Price-to-rent ratio is 13.4 (under 15 favors buying, over 21 favors renting). Renting costs $933/mo; owning runs about $1,123/mo — $190/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $797 |
| Property tax | $138 |
| Home insurance | $63 |
| Maintenance | $125 |
| Total to own | $1,123 |
| Average 2BR rent | $933 |
Based on a median home value of $150,517 with a $30,103 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.