CALCMONEY // HOME AFFORDABILITY // WV // PARKERSBURG
How much house can you afford in Parkersburg? Based on local median home prices, current WV mortgage rates, and Parkersburg property tax data.
$155,000
$960/mo
$41,156/yr
$185,154
Monthly housing costs of $960 represent 24.0% of Parkersburg's median gross monthly income ($4,000/mo). At 24.0%, Parkersburg falls within the standard 28% affordability threshold at current median income levels.
| Median Home Price | $155,000 |
| Down Payment (20%) | $31,000 |
| Loan Amount | $124,000 |
| Monthly PI Payment | $821 |
| Monthly Property Tax | $75 |
| Monthly Insurance Est. | $65 |
| Total Monthly PITI | $960 |
| Housing Cost % of Income | 24.0% |
| Required Income (28% rule) | $41,156/yr |
| Max Affordable Home | $185,154 |
$5,425
$1,236/mo
Parkersburg Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $155,000 | Parkersburg city median |
| Down Payment (20%) | $31,000 | Conventional loan |
| Monthly PITI | $960 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $41,156 | Annual gross |
| Max Affordable Home | $185,154 | Based on median income |
| FHA Down (3.5%) | $5,425 | Minimum FHA |
| Housing Cost % of Income | 24.0% | Median income: $48,000/yr |
| Property Tax Rate | 0.58% | $899/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Parkersburg is $155,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $124,000, generating a monthly P&I payment of $821. Adding property taxes ($75/mo) and homeowners insurance ($65/mo) brings total monthly PITI to $960.
Parkersburg's property tax rate of 0.58% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Parkersburg median home, that is $75/month, or $899 per year.
West Virginia levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Parkersburg should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Parkersburg's median income of $48,000/year can afford up to $1,120/month in total housing costs. Based on Parkersburg's mortgage rate of 6.95% and property tax rate of 0.58%, that translates to a maximum affordable home price of approximately $185,154 with 20% down on a 30-year loan.
To afford the median Parkersburg home priced at $155,000, you need an annual gross income of approximately $41,156. Total monthly housing costs (principal and interest of $821, property taxes of $75, and insurance of $65) come to $960/month, which equals 28% of the required income.
At the median home price of $155,000 and median household income of $48,000, the total monthly housing cost of $960 represents 24.0% of gross monthly income. This is within the standard 28% guideline, making Parkersburg relatively accessible at current income levels.
A conventional 20% down payment on the median Parkersburg home of $155,000 is $31,000. An FHA loan requires just 3.5% down — $5,425 — but adds mortgage insurance of roughly $106/month, bringing total FHA payments to $1,236/month.
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