CALCMONEY // MORTGAGE // WV
Calculate your monthly mortgage payment using West Virginia-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$145,000
7%
0.58%
3%–6.5%
How today's 7% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 7% | — |
| 2024 avg | 7.42% | -0.42% |
| 2023 avg | 7.85% | -0.85% |
| 2022 peak | 7.68% | -0.68% |
| 2021 avg | 3.60% | +3.40% |
| 2020 avg | 3.40% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for West Virginia market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $772 |
| Property Tax | $70 |
| Homeowners Insurance (est.) | $48 |
| Total Monthly Payment (PITI) | $890 |
$29,000
$161,830
$38,150/yr
The median home price in West Virginia is $145,000, below the national median of $420,000. With a median household income of $48,000, the price-to-income ratio is 3.0x.
Property taxes in West Virginia average 0.58% of assessed value. On the median home, that is $841 per year, or $70 per month added to your mortgage payment. This is well below the national average of 1.1%, giving West Virginia homeowners a property tax advantage.
West Virginia has a state income tax of 3%–6.5%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in West Virginia is 84 (national average = 100). Beyond housing, your everyday expenses will also be below the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $116,000 loan saves $5,220 in interest over 30 years.
Compare Top West Virginia Mortgage LendersMississippi
$175,000 median
ARArkansas
$195,000 median
KYKentucky
$200,000 median
OKOklahoma
$200,000 median