Mercer County, West Virginia home prices
Typical home $145,481 · +0.1% in a year · property tax 0.54%
The typical home in Mercer County is worth $145,481, 18% less than the West Virginia typical home ($176,576). Values changed +0.1% in the past year and +35.4% over five years. Homeowners here pay a median 0.54% of their home's value in property tax each year ($784 on the typical home), versus 0.51% statewide.
Mortgage on the typical Mercer County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $29,096 | $116,385 | $783 | $0 | $138 | $921 | $39,500 |
| 10% down | $14,548 | $130,933 | $881 | $55 | $138 | $1,073 | $46,000 |
| 5% down | $7,274 | $138,207 | $930 | $58 | $138 | $1,125 | $48,200 |
| 3.5% down (FHA) | $5,092 | $142,846 | $961 | $64 | $138 | $1,163 | $49,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in West Virginia · part of the Bluefield metro area.
West Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Preston County | $145,690 | +5.9% | 0.49% |
| Wayne County | $141,785 | +4.4% | 0.47% |
| Hancock County | $141,600 | +7.1% | 0.63% |
| Harrison County | $149,834 | +1.0% | 0.55% |
| Fayette County | $139,740 | +3.9% | 0.64% |
| Kanawha County | $151,294 | +1.4% | 0.65% |
| Marshall County | $139,040 | +3.9% | 0.45% |
| Upshur County | $152,038 | +2.5% | 0.42% |
| Summers County | $154,622 | +4.6% | 0.31% |
| Doddridge County | $136,177 | +12.7% | 0.5% |
Frequently asked questions
What is the average home price in Mercer County, WV?
The typical home value in Mercer County is $145,481 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mercer County?
About $39,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mercer County?
The median effective rate is 0.54% of home value a year (Census ACS 2024 5-year estimates).