United States · West Virginia

West Virginia mortgage calculator

Estimate your monthly payment in West Virginia — principal & interest, property tax, and insurance — using the live national average rate and West Virginia's estimated ~0.59% effective property tax rate. Adjust any figure below.

Data researched & maintained by Robinjit Singh · Last verified June 2026

Affording a home in West Virginia

Affordable

Income gap

$0 gap — a median home in West Virginia asks almost exactly the income the typical household earns.

Median home price

$175,000

The statewide middle — half of homes cost less, half more.

Income needed

$50,000

To qualify at the standard 28% rule with 20% down.

Typical household income

$50,000

What the median household here actually earns.

A median West Virginia home costs $175k — one of the states where a median income is actually enough to qualify.

Median is a statewide figure — expensive cities and more affordable rural areas vary widely.

Source: Zillow ZHVI · U.S. Census ACS · Splitero · Verified 2026-06-30

A single median income can qualify in West Virginia — here's what that looks like

The typical West Virginia household earns $50,000/year. To buy a median-priced home here, lenders generally want to see $50,000/year — which a single median income can cover. West Virginia is one of the more accessible markets in the country right now.

The roles and income paths that commonly reach it in West Virginia are listed below — some single high-earning roles, some two incomes combined.

Roles and income paths that commonly meet the income in West Virginia

Nurse
Government worker
Teacher
Coal/energy sector

Pay varies widely by employer, experience, and city — these are paths that often (not always) reach the income needed, not a guarantee for any individual. Entries like “+ partner income” mean two incomes combined.

First-time buyer programs available in West Virginia

WVHDF Homeownership Program
Movin' Up Program

Programs and their terms change — verify current availability and eligibility with the official state housing agency before relying on any of these.

What makes West Virginia legally different for homebuyers

West Virginia has the lowest median home prices in the country ($173,639 ZHVI) and one of the lowest costs of homeownership overall — but this reflects an economy that has faced significant long-term challenges. West Virginia also has the cheapest homeowners insurance among mainland states due to minimal catastrophic weather risk.

If you buy here

West Virginia's affordability is real, but so is the context — research the local job market and long-term population trends for any specific area before committing. Some regions have been losing population for decades, which affects long-term property values.

Foreclosure: nonjudicial, ~2 mo
Post-sale redemption: None
Anti-deficiency protection: No

General overview only — laws change and individual situations vary. Consult a real estate attorney for advice specific to your purchase. (Verified 2026-06-30.)

A clean, printable one-page summary — free, no account needed.

Loan details

Understanding your numbers before you sign.

A mortgage is likely the largest financial commitment of your life. The Mortgage Ledger was built so you can explore what that commitment actually looks like — payment by payment, line by line — before you're sitting across from a lender.

Rates sourced from FRED (Federal Reserve Bank of St. Louis). Estimates only — not a loan offer.

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Mortgage rate trend

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Down-payment scenarios for a median home in West Virginia

How much you put down changes the loan, the monthly payment, and the income a lender wants to see. Below is a median-priced $175,000 home in West Virginiaat a 6.65% benchmark rate over 30 years — the same assumptions behind the income figures above.

Down payment	Loan	Monthly P&I	Income to qualify	Mortgage insurance
5% · $8,750	$166,250	$1,067/mo	≈ $61,972	PMI ~$111/mo
10% · $17,500	$157,500	$1,011/mo	≈ $59,315	PMI ~$105/mo
20% · $35,000	$140,000	$899/mo	$50,000	None

At 20% down the income to qualify is the $50,000 shown above; putting less down means a bigger loan, a higher payment, and PMI (estimated at ~0.8% of the loan per year until you reach 20% equity — the actual rate varies by credit).

What a median home actually costs each month (20% down)

$899principal & interest + $86 property tax + $79 insurance = $1,064/mo. Property tax and insurance are added on top of the mortgage, never blended into the rate. Insurance is West Virginia's average annual premium ($950/yr, at a benchmark $300k dwelling) — your quote will vary.

The bigger picture: a median home in West Virginia costs about 3.5×the typical household's yearly income — below the national ratio of about 4.8×.

Go deeper: run your own numbers in the affordability calculator, download the full dataset or read the methodology. Compare with neighbouring Kentucky and Ohio.

How much do you need to earn to buy a home in West Virginia?

In West Virginia, a median-priced home of $175,000 takes about $50,000 a year to afford — almost exactly the $50,000 a typical household earns, so a single median income is right at the line.

How much do you need to earn to buy a house in West Virginia?

To afford a median-priced home in West Virginia (about $175,000), a buyer needs roughly $50,000 per year, compared with the $50,000 a median West Virginia household earns. Source: The Mortgage Ledger, 2026.

What is the average home price in West Virginia?

The median home price in West Virginia is about $175,000 as of June 2026, per The Mortgage Ledger.

What are property taxes in West Virginia?

West Virginia has an effective property tax rate of about 0.59%, or roughly $1,033 per year on a median-priced home. Source: The Mortgage Ledger, 2026.

Do you need two incomes to buy a home in West Virginia?

No — a single median household income of $50,000 is enough to afford a median-priced home, which needs about $50,000 a year.

Source: The Mortgage Ledger · Figures are statewide medians and benchmark estimates · Data verified June 2026.