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West Virginia home affordability calculator

The median West Virginia household earns about $55,000 a year, and the median home costs about $160,000 — 2.9 times income. With 10% down, no other debts, and the current 7.32% average 30-year rate (Freddie Mac, week of October 22, 2026), standard lending ratios support a home of about $174,386 , about $14,386 above the median. The calculator is pre-filled with those figures — replace them with yours.

$174,386 max home price

Max loan amount
$158,386
Housing payment budget
$1,288
P&I budget
$1,088
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

How it works

Lenders cap the full housing payment — principal, interest, property tax, insurance — near 28% of gross monthly income, and all debt payments near 36%. In West Virginia, property tax at about 0.57% of value plus roughly $1,600 a year of homeowners insurance come to about $209 a month on the median home, and that comes out of the 28% budget before anything goes to the loan. On the median income the housing budget is about $1,288 a month, leaving $1,088 for principal and interest.

Homes in West Virginia spend about 55 days on the market on average. West Virginia has the lowest home prices in the country alongside a low property tax rate, making the monthly cost of owning among the smallest anywhere — though homes take longer than average to sell.

Frequently asked questions

How much house can I afford in West Virginia on the median income?
On West Virginia's median household income of about $55,000, with no other debts, 10% down, and a 7.32% 30-year rate, the 28% housing guideline supports a home of roughly $174,386. That clears the $160,000 median home price by about $14,386.
What income do I need to buy a median-priced home in West Virginia?
West Virginia's median home costs about $160,000 — 2.9 times the median household income. Lenders' 28% front-end rule means the full payment, including about $209 a month in property tax and insurance, needs to fit inside 28% of gross monthly income. Try the calculator with your own income and down payment.
How much do property tax and insurance add in West Virginia?
On the median home, West Virginia's 0.57% effective property tax rate and about $1,600 a year in homeowners insurance come to roughly $209 a month — money that comes out of the housing budget before any goes to principal and interest.
Does West Virginia's income tax affect how much house I can afford?
Not in the lender's math, which uses gross income. It does affect what's comfortable: West Virginia's income tax tops out at 4.82%, so take-home pay is smaller than gross by more than federal tax alone.

Learn more: How much house can I afford?

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