Mortgage payment estimates, closing cost breakdowns, and homebuying data for Clarksburg, West Virginia.
Median Home Price
$115K
Population
16K
Avg Monthly Rent
$720
Property Tax Rate
0.58% *
* Property tax shown is the West Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Clarksburg.
Clarksburg vs West Virginia Median
The median home price in Clarksburg is $115,000, which is 26% below the West Virginia state median of $155,000.
Mortgage Calculator — Clarksburg, WV
Pre-filled with Clarksburg median home price and West Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $115K home using West Virginia's 0.58% tax rate and $1,400/yr insurance.
5% Down
$927/mo
Down: $5,750
Loan: $109K
P&I: $691
Tax: $56
Insurance: $117
PMI: $64
10% Down
$887/mo
Down: $11,500
Loan: $104K
P&I: $654
Tax: $56
Insurance: $117
PMI: $60
20% Down (No PMI)
$754/mo
Down: $23,000
Loan: $92K
P&I: $582
Tax: $56
Insurance: $117
Income needed (28% rule): $32K/year with 20% down, $38K/year with 10% down.
Rent vs Buy in Clarksburg
Rent
$720/mo
vs
Buy (10% down)
$887/mo
Price-to-rent ratio: 13.3 — With a ratio under 15, buying in Clarksburg is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $167 more than renting, but you build equity with every payment.
The median home price in Clarksburg is $115,000, 26% below the West Virginia state median of $155,000. With a population of 15,743, Clarksburg is a smaller market where home prices tend to be more accessible than in many parts of West Virginia.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Clarksburg buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in West Virginia runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Clarksburg is $720/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Clarksburg over the long term.
Clarksburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with West Virginia's WVHDF Homeownership Program program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Clarksburg.