Estimated Monthly Payment — Median West Virginia Home
$1,125
Based on $165,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$165,000
Property Tax
0.58%
Avg. HOA
$125/mo
Median Rent
$800/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the West Virginia housing market
West Virginia's housing market is among the most affordable in the country, with a median home price around $165,000. Charleston is the largest metro, with Huntington a close second. West Virginia has among the lowest median home prices in the country and below-average property taxes, making total cost of ownership very accessible. West Virginia's effective property tax rate of 0.58% is below the national average.
The median West Virginia home costs $165,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $852, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $1,125. First-time buyers in West Virginia can explore programs through West HFA.
Photo by Joshua Hummell on Unsplash
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FAQ
West Virginia mortgage FAQs
What's the property tax rate in West Virginia?
West Virginia's effective property tax rate averages about 0.58% — below the national average. On a $165,000 home, that's roughly $80/month or $957/year.
How much do I need to earn to afford a typical West Virginia home?
Using the 28/36 rule, a buyer would need roughly $42,000–$54,000 in gross annual income to comfortably afford West Virginia's $165,000 median home with 20% down at current rates.
What first-time buyer programs are available in West Virginia?
WVHDF offers the WVHDF Movin' Up program for repeat buyers and the Homeownership Program with closing cost assistance up to $10,000 for first-time buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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