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West Virginia mortgage calculator

The median home in West Virginia runs about $160,000. With 20% down that's a loan near $128,000 — the calculator is pre-filled with that figure. 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.

$831.06 / month

Total interest
$171,178
Total paid
$299,178
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$32k$64k$96k$128k0612182430Year

How it works

A full West Virginia payment is more than principal and interest. At the state's 0.57% effective property tax rate, a $160,000 home owes about $912 a year in tax, and homeowners insurance averages roughly $1,600 a year here. Together those add about $209 to the monthly payment before any HOA dues or PMI.

West Virginia's median household income is about $55,000, or $4,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,283 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in West Virginia sell in about 55 days on average.

Frequently asked questions

What is a typical mortgage payment in West Virginia?
On the state's roughly $160,000 median home with 20% down, the loan is about $128,000. Principal and interest depend on your rate; on top of that, West Virginia's 0.57% effective property tax rate and about $1,600 a year in homeowners insurance add roughly $209 per month to the payment.
How much are property taxes on a home in West Virginia?
West Virginia's effective property tax rate averages about 0.57% of market value — roughly $912 a year on the $160,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in West Virginia?
The average West Virginia homeowners policy runs about $1,600 a year. 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.
Can I afford a home in West Virginia on the median income?
West Virginia's median household income is about $55,000 a year, or $4,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,283 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in West Virginia?
A for-sale home in West Virginia spends about 55 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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