CALCMONEY // HOME AFFORDABILITY // WV
Find out how much home you can afford in West Virginia using local median home prices, current mortgage rates, and WV-specific property tax data.
Open Full Calculator$145,000
$902/mo
$185,912
$38,668/yr
| Median Home Price | $145,000 |
| Down Payment (20%) | $29,000 |
| Loan Amount | $116,000 |
| Monthly PI Payment | $772 |
| Monthly Property Tax | $70 |
| Monthly Insurance Est. | $60 |
| Total Monthly PITI | $902 |
| Required Gross Income (28% rule) | $38,668/yr |
| Max Affordable Price (28% rule) | $185,912 |
$5,075
$1,161/mo
West Virginia Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $145,000 | State median |
| Down Payment (20%) | $29,000 | Conventional |
| Monthly PITI (median home) | $902 | 7% rate |
| Required Income (28% rule) | $38,668 | Annual gross |
| Max Affordable Home | $185,912 | Based on median income |
| FHA Down Payment (3.5%) | $5,075 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in West Virginia is $145,000, with a current 30-year fixed mortgage rate of 7%. A buyer putting 20% down on the median home would carry a loan of $116,000, resulting in a monthly principal and interest payment of $772. Once property taxes and insurance are added, total monthly housing costs reach $902.
Property taxes in West Virginia average 0.58%, well below the national average of 1.1%. On the median West Virginia home, property taxes add $70/month to total housing costs.
West Virginia levies a state income tax of 3%–6.5%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and West Virginia state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning West Virginia's median income of $48,000/year can afford up to $1,120/month in total housing costs (principal, interest, taxes, and insurance). Based on West Virginia's current mortgage rate of 7% and property tax rate of 0.58%, that translates to a maximum affordable home price of approximately $185,912 with 20% down on a 30-year loan.
To comfortably afford the median West Virginia home priced at $145,000, you need an annual gross income of approximately $38,668. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $772, property taxes of $70, and insurance of $60) come to $902/month, which should not exceed 28% of your gross monthly income.
West Virginia's average property tax rate is 0.58%, which is well below the national average of 1.1%. On the median West Virginia home of $145,000, that means annual property taxes of $841, or $70/month. Because lenders include property taxes in your debt-to-income calculation, West Virginia's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median West Virginia home of $145,000, that is $5,075. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($29,000 on the median West Virginia home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no West Virginia-specific minimum down payment requirements beyond federal guidelines.