Most Shared

THE FERGUSON DECISION

THE FERGUSON DECISION

Hancock County

Hancock County

 
text size

NEWS9 Special Assignment: How living in the Ohio Valley can produce more bang for your buck

Updated: Thursday, May 15 2014, 06:32 PM EDT

WTOV9.com
We've told you about the oil and gas boom causing housing prices to rise significantly in parts of the Ohio Valley.
Well, it's a boom of a different kind in other parts as people migrate to West Virginia’s Northern Panhandle.
Getting more bang for your buck is why realtors in the Weirton area have seen an influx of people moving from Allegheny County, Pa. For many, living in the Ohio Valley allows them to get more square footage for less money and lower taxes.
“Bigger house, more land, less property taxes,” Hancock County homeowner Jeff Bine said. “It worked out to our advantage.”
Bine and his family made the move from Coraopolis, Pa., to Weirton about a year ago. They came to be closer to family, and with three young kids, to make their dollar go farther.
“We saved on taxes; our utilities are much cheaper here,” Bine said. “It's just a better fit for us.”
Owner and broker at Howard Hanna Mortimer realty in Weirton Robin Viola said Bine's story isn't unique. It's part of a growing trend.
“We're close to everything Pittsburgh offers -- sporting events, educational event, medical opportunities,” she said. “You can still live here and still take advantage of everything they have up there.”
But just how much of a savings is it?
A 58-year-old, three-bedroom ranch home sold in Pittsburgh for $175,000. The taxes per year were $3,482.
A comparable home in Weirton sold for $117,000. Taxes per year were $944. That's a sell price difference of 34 percent and a 73 percent difference in taxes per year.
“I was actually surprised when I took a look at these numbers side-by-side that it was that much of a discrepancy,” Viola said.
Bine says he's saved $3,000 this year, and it more than makes up for the commute time. He works for Heritage Valley Health System and commutes 35 to 40 minutes to Allegheny and Beaver counties.
“If you need to go downtown Pittsburgh, you're still only 45 minutes away,” Bine said. “It's not as far as people think it is. You have a sense of community. We've only been here a year and we feel more a part of the community than when we lived in Coraopolis for 8-and-a-half years.”
Viola does offer a couple of tips. She says buy soon. They are enjoying a record year in home sales. And she said they haven’t really seen the impact of the oil and gas industry in Weirton but expect to a couple of years down the road.




NEWS9 Special Assignment: How living in the Ohio Valley can produce more bang for your buck


Advertise with us!

Related Stories

Crime Busters

  [ - ] Video Stories Only  [ - ] Text Stories Only  [ + ] Show All
 
Advertise with us!