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How much house can I afford on $240,000 in West Virginia?

Quick answer

On a $240,000 salary in West Virginia, you can afford about $755,000–$975,000 with a conventional loan (5% down) or up to $941,000 with FHA, using West Virginia's 0.54% effective property tax rate. That's above the state's median home value of $155,600, assuming no other monthly debts.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Estimated max home price

$975,000

Estimated payment $7,198/mo

Down payment
$48,750
Loan amount
$926,250
Monthly housing payment
$7,198

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How does $240,000 compare with typical West Virginia incomes and prices?

$240,000 is 4.1× the West Virginia median household income. Your estimated 36%-DTI budget of $975,000 is $819,400 above the statewide median home value.

ScenarioMax priceMonthly paymentDown payment
Conventional, 28% DTI$755,000$5,594$37,750
Conventional, 36% DTI$975,000$7,195$48,750
FHA, 28% DTI$729,000$5,596$25,515
FHA, 36% DTI$941,000$7,195$32,935

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

West Virginia cities with a median home value under $975,000

Charleston ($187,300)Huntington ($118,800)Morgantown ($238,200)Parkersburg ($113,900)Wheeling ($142,500)Martinsburg ($231,900)Weirton ($122,800)Fairmont ($159,100)Beckley ($148,800)Clarksburg ($114,600)

Frequently asked questions

West Virginia's median home value is $155,600. On $240,000 you can afford up to about $975,000 at 36% DTI, so a median-priced home is within reach.

West Virginia homeowners pay a median of $835 a year — an effective rate of about 0.54% of home value (Census ACS 2019–2023).

The average HO-3 homeowners premium in West Virginia was $1,179 a year in 2023, according to the NAIC.

Compare home costs in West Virginia

$600,000 house$650,000 house$700,000 house$750,000 house$800,000 house

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.