Wayne County, WV real estate

What the numbers say

Wayne County, WV real estate at a glance

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

Homeowners in Wayne County pay a median of $594 a year in property taxes on a median home value of $127,100, an effective rate of about 0.47%. The West Virginia average is 0.53%, which makes Wayne County the #24 lowest-tax of 55 counties in the state with published tax data.

Renters pay a median of $915 a month, and $890 for a two-bedroom. At today's prices a typical home costs about 12 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 $127,000 home here comes to about $795 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $34,000 a year (the median household here earns $58,878).