What’s the average mortgage payment in West Virginia?

According to data from Redfin and Rocket Mortgage, the average monthly mortgage payment in West Virginia is approximately $1,445 before property taxes and homeowners insurance. That places West Virginia well below the national average of $2,010 per month, reflecting some of the most affordable home prices in the country.

Known for its rolling mountains, outdoor recreation, and communities that many are proud to call home, West Virginia offers a lower cost of entry into homeownership than many neighboring states. While prices vary by region, affordability remains a defining feature of the state’s housing market.

A brief look at West Virginia’s housing market

The median home sale price in West Virginia is $252,500 according to November 2025 data. Although prices have risen about 3% from the last year, they are still well below the current national median of $433,275.

Here’s some of the recent median sale prices across the state from Redfin:

What influences mortgage payments in West Virginia?

Monthly mortgage payments are made up of principal, interest, property taxes, and homeowners insurance (PITI). Because home prices and taxes are generally lower in West Virginia, monthly payments tend to stay below the national average. The Rocket Mortgage^® mortgage calculator can help buyers see how each component affects their total payment.

Home price and down payment

Lower home prices mean smaller loan balances for many West Virginia buyers. For example, purchasing a $252,500 home with a 20% down payment and a 30-year fixed mortgage at 6.5% results in an estimated principal and interest payment of about $1,277 per month, before taxes and insurance.

Putting down less than 20% can reduce upfront costs, but it may increase monthly payments and require private mortgage insurance (PMI).

Mortgage rate

Mortgage interest rates influence monthly payments regardless of location, but their impact can feel less dramatic in lower-priced markets. Rates are based on factors like credit score, loan type, down payment, debt-to-income ratio (DTI), and market conditions. Even so, securing a competitive rate can still result in meaningful long-term savings.

Loan term

Loan term affects both monthly payments and the total amount of interest you pay over time. A 30-year fixed mortgage typically offers lower monthly payments since it spreads your principal loan amount over more time. A shorter term like a 15-year fixed mortgage costs more each month but reduces overall interest and builds equity faster.

Property taxes and insurance

West Virginia’s property tax rates are on the lower end compared to other states at a rate of 0.54%. Since a median-value home in West Virginia is much lower at $155,600, property taxes only add about $835 annually, or almost $70 per month to your mortgage payment.

Homeowners insurance costs in West Virginia are also generally below the national average. According to Insurify, home owners in the Mountain State pay an average of $1,524 per year, though premiums can vary depending on home age, location, and coverage needs.

Average monthly mortgage payments in West Virginia compared to its neighbors

West Virginia has one of the lowest average monthly mortgage payments in the country, beaten only barely by Michigan, and consistently ranks among the most affordable states to buy a house. Compared with neighboring states like Virginia, Pennsylvania, and Kentucky, average mortgage payments in West Virginia are significantly lower due to reduced home prices and property taxes.

Highest monthly payments in West Virginia

The highest estimated mortgage payments in West Virginia  are generally found in areas with larger population centers or stronger employment hubs, where home prices tend to be higher than the state average. However, even the highest estimated monthly mortgage payment in the state is only $10 above the national average of $2,010. Here are the top five highest payments by county according to the Q1 2025 median sale prices from the National Association of REALTORS^®:

Lowest monthly payments in West Virginia

The lowest monthly payments are typically found in more rural counties, where home prices remain well below state and national averages. In some areas, estimated monthly payments fall far under $1,000. Here are the five lowest monthly mortgage payments in West Virginia:

How to calculate your mortgage payment

Mortgage payments are calculated using a standard formula that factors in loan amount, interest rate, and loan term. If you want to test different price points or down payment scenarios, the Rocket Mortgage online mortgage calculator makes it easy to explore how changes affect monthly costs. Additional tools can help estimate affordability and long-term ownership expenses.

Mortgage resources in West Virginia

Redfin keeps a list of programs for first-time home buyers in West Virginia that could help you along on your journey to homeownership. We’ll look closer at a few more options below:

• West Virginia Housing Development Fund (WVHDF) Programs: There are a number of programs for home buyers available through the WVHDF. Here, you can explore down payment and closing cost assistance, low-interest loans, and more for both first-time and repeat home buyers.
• First Time Homebuyer Program with HOME Consortium: In the city of Wheeling, this program can offer up to $10,000 in loan assistance for down payment and closing costs for qualified first-time home buyers

FAQs on the average monthly mortgage payment in West Virginia

Have more questions about the average monthly mortgage payment in West Virginia? We have answers!

What is a good mortgage payment in West Virginia right now?

A good mortgage payment is one that fits comfortably within your monthly budget and supports your financial goals. Because home prices in West Virginia are lower than the national average, many buyers see monthly payments well below the national average. Rocket Mortgage’s home affordability calculator can help estimate a price range that works for your income.

What’s the difference between a 15-year vs. 30-year mortgage in West Virginia?

A 15-year fixed mortgage can increase monthly costs, but will reduce total interest paid and build equity faster. A 30-year fixed mortgage generally offers lower monthly payments, but increases the amount of interest you will end up paying. With home prices considerably lower in West Virginia, the right choice for you depends mostly on your personal budget and long-term financial goals.

How much income is needed to afford a home in West Virginia?

Income needs depend on home price, interest rates, and existing debt. The average annual household income in West Virginia is $79,332 based on combined Redfin and Rocket Mortgage data. You can use tools like the Rocket Mortgage affordability calculator to help you estimate what fits best for your specific financial situation.

The bottom line: West Virginia mortgage payments are generally affordable

Mortgage payments in West Virginia are driven largely by lower home prices, modest property taxes, and manageable insurance costs. These factors combine to create one of the most affordable housing markets in the country.

Whether you’re a first-time buyer or looking to relocate for a lower cost of living, getting prequalified for a loan with Rocket Mortgage can help you understand your buying power and move forward confidently.

*Methodology: Average monthly mortgage payment in a region, calculated based on average home purchase price for a fixed 30-year loan and a 52-week average interest rate of 6.68% from Freddie Mac as of August 2025.