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The median home value in West Virginia is $145,000. West Virginia is the most affordable state for housing nationally. Remote work has brought some demand to scenic areas near the Appalachians, but broad market appreciation has been limited.
The conforming loan limit is $726,200. All West Virginia counties are at the standard conforming limit. Loans up to this amount qualify for standard Fannie Mae/Freddie Mac rates. Above this is jumbo territory with stricter requirements.
At the median home value of $145,000 with a 20% down payment ($29,000), you'd borrow $116,000. At 7% for 30 years, principal and interest runs approximately $772/month. Add property taxes (~$66/mo) and insurance (~$150/mo) for a total PITI estimate.
Budget for West Virginia's effective property tax rate of 0.55% (avg. bill: $726/year). Lenders include taxes in your PITI calculation and collect them monthly in escrow.
First-time buyers in West Virginia should budget for closing costs of approximately $1,900. West Virginia has minimal transfer taxes. Overall closing costs are among the lowest in the nation.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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