West Virginia variant. This is a West Virginia-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $165,000 and an effective property tax rate of 0.55%, a typical West Virginia mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a West Virginia mortgage payment
On the $165,000 median home with 20% down ($33,000), you'd finance about $132,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $834/month.
West Virginia's 0.55% effective property tax adds about $76/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in West Virginia
West Virginia uses a graduated income tax with a top marginal rate under 5%.
West Virginia has one of the lowest effective property tax rates near 0.55% and some of the lowest median home values in the nation, around $165,000.
West Virginia's economy has historically centered on coal and natural gas, alongside chemicals and tourism in its mountain regions.
Worked example: $165,000 home in West Virginia
Price $165,000, 20% down ($33,000), loan $132,000 at 6.5% for 30 years → P&I ≈ $834/mo. Add property tax ≈ $76/mo (0.55% of value ÷ 12). Total before insurance ≈ $910/mo.
Quick reference
- State income tax: 2.36-4.82% across 5 brackets
- State sales tax: 6% (plus 0.57% avg local)
- Median home value: $165,000
- Median household income: $55,217
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,490/yr
Frequently Asked Questions
How much is a mortgage on a $165,000 West Virginia home?
With 20% down at 6.5% over 30 years, principal and interest run about $834/month, before West Virginia's 0.55% property tax and insurance.
What is the property tax rate in West Virginia?
West Virginia's effective property tax rate is about 0.55% of home value per year.