Mortgage on a $250K house in West Virginia
$1,577 a month with 20% down — $1,345 principal and interest plus $107 property tax and $125 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $107 a month on a $250K home. The typical home in West Virginia is worth $176,576, so $250K is 42% above the typical price.
$250K 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 | $50,000 | $200,000 | $1,345 | $0 | $232 | $1,577 | $67,600 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $232 | $1,839 | $78,800 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $232 | $1,928 | $82,600 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $232 | $1,994 | $85,400 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Putnam County | $252,059 | 0.59% | $1,593 |
| Hampshire County | $256,369 | 0.38% | $1,550 |
| Monongalia County | $263,546 | 0.47% | $1,568 |
| Hardy County | $220,059 | 0.35% | $1,542 |
| Pendleton County | $213,619 | 0.34% | $1,542 |
49 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $250K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $250K house in West Virginia?
About $1,577 a month with 20% down at 7.11%: $1,345 principal and interest, $107 property tax and $125 insurance.
How much do I need to make to buy a $250K house in West Virginia?
About $67,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $1,282 a year. Rates vary by county and city — see the county pages.