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Michigan vs West Virginia:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Michigan and West Virginia. Updated for 2026.

MetricMichiganWest Virginia
Median Home Price$240K$155K
Property Tax Rate1.54%0.58%
Avg Closing Costs$4K$2K
Closing Cost %1.5%1.5%
Transfer Tax0.86%0.22%
Homeowners Insurance$1,800/yr$1,400/yr
First-Time Buyer Program
MSHDA DPA
Up to $7,500 DPA
WVHDF Homeownership Program
Up to $7,500 DPA
Verdict

West Virginia wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $155K and lower overall costs, West Virginia offers meaningful savings compared to Michigan. Both states offer first-time buyer programs — explore the state pages for full details.

Explore Each State

Michigan$240K
1.54% tax · $4K closing · $1,800/yr insurance
West Virginia$155K
0.58% tax · $2K closing · $1,400/yr insurance
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