Fayette County, West Virginia Housing Data

Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

$52,298
$777

Housing Market Overview

Metric Fayette County West Virginia Avg US Average
Median Home Price $52,298 $94,066 $242,182
Price Trend (Annual %) -2.4% 1.9% 8.2%
Median Gross Rent $777 $849 $1,342
Rent Trend (Annual %) 4.9% 3.7% 5.1%
Household Income Trend (Annual %)

Housing Cost & Rent Trends

Median Home Price Over Time
Fayette County
West Virginia
United States
Year Fayette County West Virginia United States
Median Rent Over Time
Fayette County
West Virginia
United States
Year Fayette County West Virginia United States

Affordability

On average, housing unit costs 1.0 yearly household incomes in Fayette County.

Metric Fayette County West Virginia Avg US Average
Median Home Price $52,298 $94,066 $242,182
Median Household Income $52,939 $57,886 $78,145
Price-to-Income Ratio 1.0 1.6 3.1
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)

Compare income and housing cost trends.

Household Income Growth %
Housing Cost Growth %
Year Income Growth % Housing Cost Growth % Gap (Cost - Income)

Occupancy & Tenure

Metric Fayette County West Virginia Avg US Average
Homeownership Rate 63.7% 62.4% 58.2%
Rental Rate 20.5% 21.6% 31.3%
Vacancy Rate 15.8% 16.1% 10.6%
Median Tenure (years) 20.0 17.0 14.0
Median Year Moved In 2005 2008 2011

Housing Stock

Metric Fayette County West Virginia Avg US Average
Average Household Size 2.40 people 2.40 people 2.54 people
Median Structure Built Year 1973 1974 1978
Median Number of Rooms 5.3 5.4 5.0