Hancock County, West Virginia Housing Market Prices
Hancock 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 65% below the West Virginia median Cheaper than 85% of counties in West Virginia$33,531
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Median rent 12% below the West Virginia median$771
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hancock County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,531 | $94,699 | $248,835 |
| Price Trend (Annual %) | -6.4% | 1.7% | 7.5% |
| Median Gross Rent | $771 | $871 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hancock County is about 65% lower than in West Virginia. Rent is about 12% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Hancock County: home prices fell about 6.4% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
Median rent in Hancock County rose about 22.7% between 2015 and 2024, from $628 to $771. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Hancock County.
Buying the median-priced home in Hancock County costs roughly 3.6 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 Hancock County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Hancock County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $33,531 | $94,699 | $248,835 |
| Median Household Income | $62,034 | $59,640 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hancock County fell about 48.8%, while median household income rose about 46.7% 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 | Hancock County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 63.3% | 58.5% |
| Rental Rate | 23.1% | 21.3% | 31.2% |
| Vacancy Rate | 9.6% | 15.4% | 10.2% |
| Median Tenure (years) | 18.0 | 18.0 | 15.0 |
| Median Year Moved In | 2008 | 2008 | 2011 |
Hancock County has a homeownership rate of 67.3%, higher than the West Virginia average of 63.3%. Its housing vacancy rate is 9.6%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Hancock County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.16 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1961 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Hancock County was built around 1961. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Hancock County, WV Housing Compared With Nearby Counties
Hancock County, WV is the 5th largest of the 6 counties compared here, 28,177 residents against a local median of 64,518. The measure that sets Hancock County, WV apart most is median home price: $33,531, 50% below the local median of $66,603.
The counties themselves spread $54,094 on median home price, so Hancock County, WV sits at one end of an already wide local range rather than apart from it. Hancock County, WV has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hancock County, WV | 28,177 | $33,531 #6/6 | $771 #4/6 | 74.5% #3/6 |
| Jefferson County, OH | 64,518 | $90,625 | $835 | 70.5% |
| Brooke County, WV | 21,782 | $55,000 | $644 | 74.6% |
| Beaver County, PA | 166,309 | $109,094 | $889 | 75.0% |
| Columbiana County, OH | 100,702 | $56,100 | $756 | 72.7% |
| Ohio County, WV | 41,582 | $66,603 | $821 | 66.4% |
Frequently Asked Questions
Common questions about the housing market in Hancock County, West Virginia.
What is the median home price in Hancock County, West Virginia?
The median home price in Hancock County, West Virginia is $33,531, lower than the West Virginia average of $94,699.
What is the average home price in Hancock County, West Virginia?
The typical home price in Hancock County, West Virginia, reported as the median sale price, is $33,531. 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 Hancock County, West Virginia?
The median gross rent in Hancock County, West Virginia is $771 per month, lower than the West Virginia average of $871.
What was the median gross rent in Hancock County in 2020?
In 2020, the median gross rent in Hancock County, West Virginia was $679 per month.
What is the price-to-rent ratio in Hancock County, West Virginia?
The price-to-rent ratio in Hancock County, West Virginia is about 3.6, meaning it would take roughly 3.6 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 Hancock County.
Are home prices or rent rising faster in Hancock County, West Virginia?
Home prices and rent are moving in opposite directions in Hancock County: home prices fell about 6.4% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hancock County, West Virginia?
67.3% of households in Hancock County, West Virginia own their home, higher than the West Virginia average of 63.3%.
What is the vacancy rate in Hancock County, West Virginia?
The housing vacancy rate in Hancock County, West Virginia is 9.6%, lower than the West Virginia average of 15.4%.
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