Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Calhoun County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,718 | $94,066 | $242,182 |
| Price Trend (Annual %) | 12.1% | 1.9% | 8.2% |
| Median Gross Rent | $483 | $849 | $1,342 |
| Rent Trend (Annual %) | -1.6% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calhoun County is about 40% lower than in West Virginia. Rent is about 43% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Calhoun County: home prices rose about 12.1% a year while rent fell about 1.6% a year. That is an unusual pattern worth watching.
Median rent in Calhoun County fell about 12.4% between 2015 and 2023, from $551 to $483. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Calhoun County.
Buying the median-priced home in Calhoun County costs roughly 9.8 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 Calhoun County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Calhoun County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,718 | $94,066 | $242,182 |
| Median Household Income | $42,220 | $57,886 | $78,145 |
| Price-to-Income Ratio | 1.3 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calhoun County rose about 46.4%, while median household income rose about 53.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Calhoun County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 62.4% | 58.2% |
| Rental Rate | 13.2% | 21.6% | 31.3% |
| Vacancy Rate | 25.3% | 16.1% | 10.6% |
| Median Tenure (years) | 19.0 | 18.0 | 15.0 |
| Median Year Moved In | 2007 | 2008 | 2011 |
Calhoun County has a homeownership rate of 61.6%, lower than the West Virginia average of 62.4%. Its housing vacancy rate is 25.3%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Calhoun County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1975 | 1974 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Calhoun County was built around 1975. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calhoun County, West Virginia.
What is the median home price in Calhoun County, West Virginia?
The median home price in Calhoun County, West Virginia is $56,718, lower than the West Virginia average of $94,066.
What is the average home price in Calhoun County, West Virginia?
The typical home price in %s, reported as the median sale price, is %s. 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 Calhoun County, West Virginia?
The median gross rent in Calhoun County, West Virginia is $483 per month, lower than the West Virginia average of $849.
What was the median gross rent in Calhoun County in 2020?
In 2020, the median gross rent in Calhoun County, West Virginia was $480 per month.
What is the price-to-rent ratio in Calhoun County, West Virginia?
The price-to-rent ratio in Calhoun County, West Virginia is about 9.8, meaning it would take roughly 9.8 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 Calhoun County.
Are home prices or rent rising faster in Calhoun County, West Virginia?
Home prices and rent are moving in opposite directions in Calhoun County: home prices rose about 12.1% a year while rent fell about 1.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Calhoun County, West Virginia?
61.6% of households in Calhoun County, West Virginia own their home, lower than the West Virginia average of 62.4%.
What is the vacancy rate in Calhoun County, West Virginia?
The housing vacancy rate in Calhoun County, West Virginia is 25.3%, higher than the West Virginia average of 16.1%.