Mortgage Calculator — West Virginia
Pre-filled with West Virginia's average home price of $155000, property tax rate of 0.6%, and average insurance of $1400/year. Adjust any value below.
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West Virginia Housing Market
West Virginia has among the lowest home prices in the nation. Morgantown benefits from West Virginia University, providing a stable rental and owner-occupied market. The broader state faces population decline that limits appreciation potential.
Affordability in West Virginia
West Virginia offers the most affordable home prices east of the Mississippi. First-time buyers can often purchase a home for under $150,000, making homeownership accessible at very modest income levels.
Key Markets
First-Time Buyer Programs in West Virginia
Homeownership Program
Low fixed-rate mortgage for first-time buyers, with income and price limits.
Down Payment / Closing Cost Assistance
Low-rate second loan toward down payment and closing costs, paired with a WVHDF first mortgage.
Movin' Up
Fixed-rate loan for first-time and repeat buyers with moderate incomes.
Programs are run by the West Virginia Housing Development Fund (WVHDF). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in West Virginia
Homes are assessed at 60% of appraised value. The $20,000 Homestead Exemption for seniors and disabled owners keeps bills low. At West Virginia's average effective rate of 0.6%, a $155,000 home pays roughly $930/year (about $78/month).
West Virginia Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in West Virginia
West Virginia's transfer tax is $1.10 per $500 at the state level plus up to $0.55 per $500 at the county level (up to 0.33% in total), and it is usually paid by the seller.
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