West Virginia Mortgage Calculator

Calculate your monthly mortgage payment in West Virginia. Pre-filled with West Virginia's average property tax rate of 0.58%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$169
Homeowner's Insurance
$100
Total Monthly Payment
$2,039

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,039/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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West Virginia Housing Overview

West Virginia has an average property tax rate of 0.58%. West Virginia has a cost of living about 13% below the national average, with some of the most affordable housing in the country.

Property Tax: 0.58%Progressive rates up to 5.12%Rates being reducedVery low cost of living

Buying a Home in West Virginia

If you're considering buying a home in West Virginia, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills West Virginia's average property tax rate of 0.58% to give you a more accurate estimate.

West Virginia Property Taxes

West Virginia has an average effective property tax rate of 0.58%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.58% rate means approximately $2030 per year, or $169 per month in property taxes alone.

Cost of Living in West Virginia

West Virginia has a cost of living about 13% below the national average, with some of the most affordable housing in the country. When evaluating whether to buy a home in West Virginia, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for West Virginia Homebuyers

  • West Virginia's top rate of 5.12% is moderate and the low cost of living maximizes purchasing power
  • West Virginia has been gradually reducing tax rates
  • West Virginia partially taxes Social Security benefits
  • The low cost of living makes West Virginia attractive for remote workers

Key West Virginia Features

  • Progressive rates up to 5.12%
  • Rates being reduced
  • Very low cost of living
  • Partial Social Security taxation

See How Your West Virginia Mortgage Fits Your Financial Plan

This calculator shows your West Virginia mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare West Virginia Mortgage Costs with Other States

Ohio1.36% property taxPennsylvania1.53% property taxMaryland1.07% property taxCalifornia0.71% property taxNew York1.46% property taxHawaii0.28% property tax

Frequently Asked Questions

What is the average property tax rate in West Virginia?
The average effective property tax rate in West Virginia is approximately 0.58%. This rate is applied to the assessed value of your property, which may differ from the market value depending on West Virginia's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in West Virginia?
Your mortgage payment in West Virginia depends on the home price, your down payment, interest rate, and loan term. With West Virginia's average property tax rate of 0.58%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is West Virginia an affordable state to buy a home?
West Virginia has a cost of living about 13% below the national average, with some of the most affordable housing in the country. When evaluating affordability in West Virginia, consider not just the home price but also property taxes (0.58% average), homeowner's insurance costs, and any HOA fees common in your area.
How do West Virginia property taxes compare to other states?
West Virginia's average property tax rate of 0.58% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in West Virginia?
Most states, including West Virginia, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with West Virginia's housing authority and the FHA, VA, and USDA loan programs for additional options.

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