FiscalCalc

Mortgage Calculator in West Virginia

Calculate your monthly mortgage payment in West Virginia using the 2026 median home price of $155K and current local rates. Adjust the inputs below to match your situation.

$
$
%
$

See how paying extra each month reduces interest and loan term

West Virginia Housing Market at a Glance (2026)

$155K
Median Home Price
6.92%
Avg Mortgage Rate
0.59%
Property Tax Rate
10%
Typical Down Payment

Buying a Home in West Virginia: Costs to Know

Average closing costs1.8% of purchase price
On a $155K home, closing costs ≈$2,790
Median household income$50,000/yr
State income tax (top rate)6.5%

First-Time Buyer Programs in West Virginia

West Virginia offers state-sponsored programs that can reduce your down payment or closing costs:

  • ✓WVHDF Movin' Up Program
  • ✓First-Time Homebuyers Program

How Mortgage Payments Work in West Virginia

A standard mortgage payment in West Virginia is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $155K home in West Virginia with a 10% down payment at 6.92% over 30 years, your principal and interest payment comes to approximately $921/month— not including property taxes or homeowner's insurance.

West Virginia's property tax rate of 0.59% adds roughly $76/month to your total housing cost on a $155K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

West Virginia vs. National Average

MetricWest VirginiaNational Avg
Median Home Price$155,000$420,000
Property Tax Rate0.59%1.07%
Avg Mortgage Rate6.92%6.85%
Cost of Living Index82100

Frequently Asked Questions — Mortgage Calculator in West Virginia

What is the average mortgage payment in West Virginia?+
Based on the median home price of $155K in West Virginia with a 10% down payment and 6.92% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $921. Adding property taxes (~$76/mo) and homeowner's insurance, total PITI is typically $1,147–$1,247/month.
What is the property tax rate in West Virginia?+
West Virginia has an average effective property tax rate of 0.59%. On the median home price of $155K, that equals roughly $915 per year — or $76 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in West Virginia.
How much down payment do I need to buy a home in West Virginia?+
The typical down payment in West Virginia is 10% — about $15,500 on the median $155K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like WVHDF Movin' Up Program.
What are closing costs in West Virginia?+
Average closing costs in West Virginia are approximately 1.8% of the purchase price — about $2,790 on the median $155K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.
What income do I need to afford the median home in West Virginia?+
To afford the $155K median home in West Virginia under the 28% housing-cost rule, you need a gross monthly income of at least $4,096 — roughly $49K/year. The median household income in West Virginia is $50,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.

Looking for a different state? View the general Mortgage Calculator →

Mortgage Calculator by State

Each state page uses local median home prices, average rates, and property tax data.

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming