Hampshire County, West Virginia Housing Market Prices
Hampshire 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 69% above the West Virginia median More expensive than 81% of counties in West Virginia$160,416
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Median rent 17% below the West Virginia median$719
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hampshire County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,416 | $94,699 | $248,835 |
| Price Trend (Annual %) | 3.7% | 1.7% | 7.5% |
| Median Gross Rent | $719 | $871 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hampshire County is about 69% higher than in West Virginia. Rent is about 17% 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 Hampshire County, up about 3.7% and 3.7% a year respectively. Rent is changing faster.
Median rent in Hampshire County rose about 35.6% between 2015 and 2024, from $530 to $719. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Hampshire County.
Buying the median-priced home in Hampshire County costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hampshire County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Hampshire County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,416 | $94,699 | $248,835 |
| Median Household Income | $63,970 | $59,640 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hampshire County rose about 26.9%, while median household income rose about 64.9% between 2009 and 2025 — 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 | Hampshire County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 63.3% | 58.5% |
| Rental Rate | 11.8% | 21.3% | 31.2% |
| Vacancy Rate | 31.6% | 15.4% | 10.2% |
| Median Tenure (years) | 21.0 | 18.0 | 15.0 |
| Median Year Moved In | 2005 | 2008 | 2011 |
Hampshire County has a homeownership rate of 56.5%, lower than the West Virginia average of 63.3%. Its housing vacancy rate is 31.6%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Hampshire County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1986 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Hampshire County was built around 1986. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 21.0 years on average.
Hampshire County, WV Housing Compared With Nearby Counties
Hampshire County, WV is the 3rd largest of the 4 counties compared here, 23,465 residents against a local median of 67,200. Hampshire County, WV sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 11% below the local median at $719 against $805. Hampshire County, WV has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hampshire County, WV | 23,465 | $160,416 #2/4 | $719 #4/4 | 82.7% #2/4 |
| Allegany County, MD | 67,200 | $151,228 | $805 | 70.7% |
| Frederick County, VA | 94,959 | $340,016 | $1,507 | 79.3% |
| Morgan County, WV | 17,426 | $91,250 | $793 | 84.1% |
Frequently Asked Questions
Common questions about the housing market in Hampshire County, West Virginia.
What is the median home price in Hampshire County, West Virginia?
The median home price in Hampshire County, West Virginia is $160,416, higher than the West Virginia average of $94,699.
What is the average home price in Hampshire County, West Virginia?
The typical home price in Hampshire County, West Virginia, reported as the median sale price, is $160,416. 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 Hampshire County, West Virginia?
The median gross rent in Hampshire County, West Virginia is $719 per month, lower than the West Virginia average of $871.
What was the median gross rent in Hampshire County in 2020?
In 2020, the median gross rent in Hampshire County, West Virginia was $658 per month.
What is the price-to-rent ratio in Hampshire County, West Virginia?
The price-to-rent ratio in Hampshire County, West Virginia is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hampshire County.
Are home prices or rent rising faster in Hampshire County, West Virginia?
Both home prices and rent are rising in Hampshire County, up about 3.7% and 3.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Hampshire County, West Virginia?
56.5% of households in Hampshire County, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Hampshire County, West Virginia?
The housing vacancy rate in Hampshire County, West Virginia is 31.6%, higher than the West Virginia average of 15.4%.
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