How Much House Can You Afford in West Virginia?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With West Virginia's median income of $50,000/year ($4,167/month), that means a maximum housing payment of roughly $1,167/month.
At 6.92% over 30 years with a 10% down payment ($15,500), that monthly budget supports a purchase price of approximately $147,250–$155,000. The median home price in West Virginia is $155,000, which means housing is more affordable than the national average.