Mortgage on a $200K house in West Virginia
$1,262 a month with 20% down — $1,076 principal and interest plus $85 property tax and $100 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $85 a month on a $200K home. The typical home in West Virginia is worth $176,576, so $200K is 13% above the typical price.
$200K home in West Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $185 | $1,262 | $54,100 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $185 | $1,471 | $63,100 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $185 | $1,543 | $66,100 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $185 | $1,595 | $68,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.51% 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.
Where in West Virginia does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jackson County | $199,114 | 0.53% | $1,265 |
| Tucker County | $201,897 | 0.37% | $1,238 |
| Mineral County | $196,367 | 0.45% | $1,252 |
| Greenbrier County | $206,887 | 0.44% | $1,250 |
| Monroe County | $191,179 | 0.46% | $1,254 |
| Pendleton County | $213,619 | 0.34% | $1,234 |
| Taylor County | $185,274 | 0.54% | $1,266 |
| Pocahontas County | $184,813 | 0.3% | $1,227 |
| Grant County | $181,867 | 0.31% | $1,228 |
| Hardy County | $220,059 | 0.35% | $1,234 |
| Wood County | $173,101 | 0.59% | $1,275 |
| Cabell County | $170,976 | 0.6% | $1,277 |
45 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $200K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $200K house in West Virginia?
About $1,262 a month with 20% down at 7.11%: $1,076 principal and interest, $85 property tax and $100 insurance.
How much do I need to make to buy a $200K house in West Virginia?
About $54,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $1,026 a year. Rates vary by county and city — see the county pages.