Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for West Virginia homebuyers.
Pre-filled with West Virginia medians. Adjust for your property.
Estimated closing costs based on West Virginia tax rates and fees.
The median home price in West Virginia is $155,000, with property taxes averaging 0.58% annually. West Virginia's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in West Virginia average $2K (1.5%% of purchase price). The state charges a 0.22% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $1,400 per year. This is within the normal range nationally.
West Virginia offers the WVHDF Homeownership Program for first-time buyers: Up to $7,500 DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
West Virginia offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.