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 | Lewis County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,143 | $94,066 | $242,182 |
| Price Trend (Annual %) | 57.1% | 1.9% | 8.2% |
| Median Gross Rent | $736 | $849 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lewis County is about 40% higher than in West Virginia. Rent is about 13% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Lewis County, up about 57.1% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Lewis County rose about 35.1% between 2015 and 2023, from $545 to $736. Over the same span, rent in West Virginia rose about 32.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Lewis County.
Buying the median-priced home in Lewis County costs roughly 15.0 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 Lewis County. The price-to-rent ratio in West Virginia is about 9.2.
| Metric | Lewis County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,143 | $94,066 | $242,182 |
| Median Household Income | $52,692 | $57,886 | $78,145 |
| Price-to-Income Ratio | 2.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lewis County rose about 160.7%, while median household income rose about 63.7% between 2009 and 2023 — 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 | Lewis County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 62.4% | 58.2% |
| Rental Rate | 24.8% | 21.6% | 31.3% |
| Vacancy Rate | 15.2% | 16.1% | 10.6% |
| Median Tenure (years) | 18.0 | 18.0 | 15.0 |
| Median Year Moved In | 2008 | 2008 | 2011 |
Lewis County has a homeownership rate of 59.9%, lower than the West Virginia average of 62.4%. Its housing vacancy rate is 15.2%, compared with 16.1% in West Virginia.
Housing Stock
| Metric | Lewis County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.40 people | 2.54 people |
| Median Structure Built Year | 1975 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Lewis County was built around 1975. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lewis County, West Virginia.
What is the median home price in Lewis County, West Virginia?
The median home price in Lewis County, West Virginia is $132,143, higher than the West Virginia average of $94,066.
What is the average home price in Lewis 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 Lewis County, West Virginia?
The median gross rent in Lewis County, West Virginia is $736 per month, lower than the West Virginia average of $849.
What was the median gross rent in Lewis County in 2020?
In 2020, the median gross rent in Lewis County, West Virginia was $641 per month.
What is the price-to-rent ratio in Lewis County, West Virginia?
The price-to-rent ratio in Lewis County, West Virginia is about 15.0, meaning it would take roughly 15.0 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 Lewis County.
Are home prices or rent rising faster in Lewis County, West Virginia?
Both home prices and rent are rising in Lewis County, up about 57.1% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lewis County, West Virginia?
59.9% of households in Lewis County, West Virginia own their home, lower than the West Virginia average of 62.4%.
What is the vacancy rate in Lewis County, West Virginia?
The housing vacancy rate in Lewis County, West Virginia is 15.2%, lower than the West Virginia average of 16.1%.