Boone County, West Virginia Housing Market Prices
Boone County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the West Virginia median Cheaper than 72% of counties in West Virginia$66,665
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Median rent 4% below the West Virginia median More expensive than 74% of counties in West Virginia$836
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boone County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,665 | $94,699 | $248,835 |
| Price Trend (Annual %) | 11.1% | 1.7% | 7.5% |
| Median Gross Rent | $836 | $871 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boone County is about 30% lower than in West Virginia. Rent is about 4% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Boone County, up about 11.1% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Boone County rose about 46.2% between 2015 and 2024, from $572 to $836. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Boone County.
Buying the median-priced home in Boone County costs roughly 6.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Boone County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Boone County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,665 | $94,699 | $248,835 |
| Median Household Income | $57,090 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boone County rose about 41.3%, while median household income rose about 37.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Boone County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 63.3% | 58.5% |
| Rental Rate | 14.6% | 21.3% | 31.2% |
| Vacancy Rate | 21.9% | 15.4% | 10.2% |
| Median Tenure (years) | 20.0 | 18.0 | 15.0 |
| Median Year Moved In | 2006 | 2008 | 2011 |
Boone County has a homeownership rate of 63.5%, about the same as the West Virginia average of 63.3%. Its housing vacancy rate is 21.9%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Boone County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Boone County was built around 1977. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 20.0 years on average.
Boone County, WV Housing Compared With Nearby Counties
Boone County, WV is the 4th largest of the 5 counties compared here, 21,027 residents against a local median of 27,001. The measure that sets Boone County, WV apart most is median home price: $66,665, 26% below the local median of $89,771.
Median rent tells the same story from another angle: $836 against a local median of $679, 23% above it. The counties themselves spread $77,801 on median home price, so Boone County, WV sits at one end of an already wide local range rather than apart from it. Boone County, WV has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Boone County, WV | 21,027 | $66,665 #4/5 | $836 #2/5 | 81.3% #2/5 |
| Logan County, WV | 31,458 | $93,898 | $709 | 77.0% |
| Kanawha County, WV | 176,529 | $85,645 | $906 | 71.1% |
| Wyoming County, WV | 20,629 | $33,392 | $649 | 82.5% |
| Mingo County, WV | 22,544 | $111,194 | $646 | 73.4% |
Frequently Asked Questions
Common questions about the housing market in Boone County, West Virginia.
What is the median home price in Boone County, West Virginia?
The median home price in Boone County, West Virginia is $66,665, lower than the West Virginia average of $94,699.
What is the average home price in Boone County, West Virginia?
The typical home price in Boone County, West Virginia, reported as the median sale price, is $66,665. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Boone County, West Virginia?
The median gross rent in Boone County, West Virginia is $836 per month, lower than the West Virginia average of $871.
What was the median gross rent in Boone County in 2020?
In 2020, the median gross rent in Boone County, West Virginia was $657 per month.
What is the price-to-rent ratio in Boone County, West Virginia?
The price-to-rent ratio in Boone County, West Virginia is about 6.6, meaning it would take roughly 6.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Boone County.
Are home prices or rent rising faster in Boone County, West Virginia?
Both home prices and rent are rising in Boone County, up about 11.1% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boone County, West Virginia?
63.5% of households in Boone County, West Virginia own their home, about the same as the West Virginia average.
What is the vacancy rate in Boone County, West Virginia?
The housing vacancy rate in Boone County, West Virginia is 21.9%, higher than the West Virginia average of 15.4%.
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