The typical home in Charleston, WV is worth about $160,000.
With 20% down that's a loan near $128,000 — the calculator
is pre-filled with that figure. As West Virginia's capital, Charleston has some of the lowest home prices of any state capital in the country, a reflection of decades of population decline tied to the coal industry's contraction. The state's low property tax rate is one of the few things keeping ownership costs from falling even further behind the rest of the country.
$831.06 / month
Total interest
$171,178
Total paid
$299,178
Payoff
30.0 years
How much you need to earn
Charleston, WV's median household income is about
$55,000 a year. Under standard 28/36
lending rules that supports a home price around
$200,653 with 20% down —
comfortably above the $160,000 typical price.
Typical asking rent in Charleston, WV is about $900 a month, so owning the median home costs roughly
$119 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Charleston, WV?
On the metro's roughly $160,000 typical home with 20% down, the loan is about $128,000. Principal and interest run near $831 a month at today's rate, and Charleston, WV's property tax plus insurance add about $188, for a full payment near $1,019.
Can I afford a home in Charleston, WV on the median income?
The median household income is about $55,000 a year. Under standard 28/36 lending rules that supports a home price around $200,653 with 20% down — above the $160,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Charleston, WV?
Typical asking rent is about $900 a month. The full owner payment on a median home is near $1,019, so owning costs roughly $119 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Charleston, WV?
The effective property tax rate in the core county is about 0.60% of market value — roughly $960 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Charleston, WV rising or falling?
Home values are up about 2% over the past year. As West Virginia's capital, Charleston has some of the lowest home prices of any state capital in the country, a reflection of decades of population decline tied to the coal industry's contraction. The state's low property tax rate is one of the few things keeping ownership costs from falling even further behind the rest of the country.