Elkins, WV home prices
Typical home $161,871 · +1.2% in a year · income needed $43,000
The Elkins, WV metro area ranks 786 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.2% in a year and +22.9% over five years. With 20% down at 7.11%, the typical home costs about $1,004 a month including 0.39% property tax (Randolph County rate).
Mortgage on the typical Elkins home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,374 | $129,497 | $871 | $0 | $133 | $1,004 | $43,000 |
| 10% down | $16,187 | $145,684 | $980 | $61 | $133 | $1,174 | $50,300 |
| 5% down | $8,094 | $153,778 | $1,034 | $64 | $133 | $1,232 | $52,800 |
| 3.5% down (FHA) | $5,665 | $158,939 | $1,069 | $72 | $133 | $1,274 | $54,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.39% 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.
Counties in the Elkins area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Randolph County, WV | $161,840 | +1.2% | 0.39% |
What can you afford in West Virginia on your salary? · West Virginia home prices · Salaries in West Virginia
Frequently asked questions
How much is a house in Elkins?
The typical home in the Elkins, WV metro area is worth $161,871 (Zillow, September 2026).
What salary do you need to buy a house in Elkins?
About $43,000 a year for the typical home with 20% down at 7.11%.