West Virginia · WV

West Virginia Mortgage Calculator

Pre-filled for West Virginia: median home price $165,000, average property tax rate 0.55%. Adjust any slider to make it yours.

West Virginia housing at a glance

Median home price: $165,000
Effective property tax rate: 0.55% / yr
Annual property tax (median home): $908
Est. monthly tax escrow: $76
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in West Virginia

The median home price in West Virginia is around $165,000 and the effective property tax rate averages 0.55%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in West Virginia is $33,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in West Virginia

West Virginia's excise tax is $1.10 per $500 of price (0.22%), with counties allowed to add up to another $1.10 per $500.

Beyond transfer taxes, total closing costs in West Virginiatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $3,300–$8,250.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

West Virginia mortgage FAQ

What is the monthly mortgage payment for a median-priced home in West Virginia?: At the current 30-year fixed rate of ~6.81%, a $165,000 home in West Virginia with 20% down ($33,000) carries a principal-and-interest payment of ~$861/mo. Add property tax (~$76/mo at 0.55%) and homeowners insurance and your total is roughly $937/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in West Virginia?: The effective statewide property tax rate in West Virginia averages 0.55% of assessed value per year. On a $165,000 home, that works out to roughly $908 per year ($76/mo). Individual county rates vary.
Does West Virginia have a state income tax?: Yes, West Virginia has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in West Virginia?: West Virginia's excise tax is $1.10 per $500 of price (0.22%), with counties allowed to add up to another $1.10 per $500.
What type of foreclosure does West Virginia use?: West Virginia uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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