State Guides/West Virginia
WV

West Virginia Home Buying Guide

South Region · Non-Judicial Foreclosure State

Homestead ExemptionAttorney Required

Key Facts at a Glance

Median Home Price
$155,000
Property Tax Rate
0.59%
Transfer Tax
0.22%
Attorney Required
Yes
Foreclosure Type
Non-Judicial

What Makes West Virginia Unique

Second-lowest median home prices after Mississippi

Very low property taxes

USDA loans available across most of the state

First-Time Buyer Programs in West Virginia

1

WVHDF Homeownership Program

Contact your state housing finance agency for current eligibility and rates

2

WVHDF Movin' Up Program

Contact your state housing finance agency for current eligibility and rates

3

USDA Rural Development

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in West Virginia

1%
Avg Closing Costs
of purchase price
$1,550
Estimated Closing Costs
on median-priced home
0.22%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Required at Closing

West Virginia requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.

Local Tips for West Virginia Buyers

1

Outstanding affordability — one of the best nationally.

2

Most of WV qualifies for USDA zero-down loans.

3

Homestead exemption provides $20,000 assessed value reduction.

Estimated Annual Ownership Cost in West Virginia

Based on the median home price of $155,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$11,132
Annual Property Taxes$915
Homeowners Insurance (est.)$775
Maintenance (est. 1%/yr)$1,550

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in West Virginia.