McDowell County, WV real estate

What the numbers say

McDowell County, WV real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in McDowell County pay a median of $337 a year in property taxes on a median home value of $50,000, an effective rate of about 0.67%. The West Virginia average is 0.53%, which makes McDowell County the #55 lowest-tax of 55 counties in the state with published tax data.

Renters pay a median of $643 a month, and $682 for a two-bedroom. At today's prices a typical home costs about 6 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $50,000 home here comes to about $322 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $14,000 a year (the median household here earns $31,559).