State
West Virginia
Market conditions are mixed, with some caution warranted. Home prices remain significantly above historical averages. Monthly mortgage payments represent a notably manageable share of income.
Score breakdown
7.24%
Above the ~6.6% long-term average
337
28.4% above 10-year average (262)
$87,460
Monthly mortgage ≈ $2,196, or 30.1% of monthly income
4.00%
Below the 5-year average of 4.0% for West Virginia
What this score means for buyers in West Virginia
The HomeBuyScore of 50/100 for West Virginia is a composite of four Federal Reserve data series, each weighted equally at 25%.
A 30-year fixed mortgage currently costs 7.24%, which translates to a monthly payment of roughly $2,196 on a median-priced home (assuming 20% down). That represents approximately 30.1% of the median household income of $87,460 — financial planners generally recommend keeping this ratio under 28%.
The national Case-Shiller Home Price Index currently stands at 337, which is 28.4% above its 10-year average, suggesting prices are still elevated relative to recent history.
Local economic conditions in West Virginia show an unemployment rate of 4.00%. This indicates a healthy labor market that supports buyer confidence.