New Jersey vs West Virginia: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between New Jersey and West Virginia. Updated for 2026.
Metric
New Jersey
West Virginia
Median Home Price
$505K
$155K
Property Tax Rate
2.47%
0.58%
Avg Closing Costs
$10K
$2K
Closing Cost %
2.0%
1.5%
Transfer Tax
1%
0.22%
Homeowners Insurance
$1,500/yr
$1,400/yr
First-Time Buyer Program
NJHMFA DPA Program
Up to $15,000 forgivable
WVHDF Homeownership Program
Up to $7,500 DPA
Verdict
West Virginia wins 6 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 New Jersey. Both states offer first-time buyer programs — explore the state pages for full details.