Mineral County, West Virginia Housing Market Prices
Mineral 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 94% below the West Virginia median Cheapest county in West Virginia$5,510
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Median rent 7% below the West Virginia median$809
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mineral County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,510 | $94,699 | $248,835 |
| Price Trend (Annual %) | -22.7% | 1.7% | 7.5% |
| Median Gross Rent | $809 | $871 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mineral County is about 94% lower than in West Virginia. Rent is about 7% 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 Mineral County: home prices fell about 22.7% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
Median rent in Mineral County rose about 52.6% between 2015 and 2024, from $530 to $809. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Mineral County.
Buying the median-priced home in Mineral County costs roughly 0.6 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 Mineral County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Mineral County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,510 | $94,699 | $248,835 |
| Median Household Income | $70,287 | $59,640 | $80,455 |
| Price-to-Income Ratio | 0.1 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mineral County fell about 95.4%, while median household income rose about 62.3% 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 | Mineral County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.0% | 63.3% | 58.5% |
| Rental Rate | 16.9% | 21.3% | 31.2% |
| Vacancy Rate | 11.1% | 15.4% | 10.2% |
| Median Tenure (years) | 20.0 | 18.0 | 15.0 |
| Median Year Moved In | 2006 | 2008 | 2011 |
Mineral County has a homeownership rate of 72.0%, higher than the West Virginia average of 63.3%. Its housing vacancy rate is 11.1%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Mineral County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1970 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Mineral County was built around 1970. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 20.0 years on average.
Mineral County, WV Housing Compared With Nearby Counties
Mineral County, WV is typical in size for this group, 26,854 residents against a local median of 28,615, so the measures below are close to a like for like comparison. The measure that sets Mineral County, WV apart most is median home price: $5,510, 96% below the local median of $151,228.
The counties themselves sit within $24,828 of each other on median home price, a tighter band than the gap between any of them and Mineral County, WV, which makes it a genuine outlier here rather than one end of a wide local spread. Mineral County, WV has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mineral County, WV | 26,854 | $5,510 #4/4 | $809 #1/4 | 81.0% #2/4 |
| Allegany County, MD | 67,200 | $151,228 | $805 | 70.7% |
| Hampshire County, WV | 23,465 | $160,416 | $719 | 82.7% |
| Garrett County, MD | 28,615 | $135,588 | $765 | 79.7% |
Frequently Asked Questions
Common questions about the housing market in Mineral County, West Virginia.
What is the median home price in Mineral County, West Virginia?
The median home price in Mineral County, West Virginia is $5,510, lower than the West Virginia average of $94,699.
What is the average home price in Mineral County, West Virginia?
The typical home price in Mineral County, West Virginia, reported as the median sale price, is $5,510. 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 Mineral County, West Virginia?
The median gross rent in Mineral County, West Virginia is $809 per month, lower than the West Virginia average of $871.
What was the median gross rent in Mineral County in 2020?
In 2020, the median gross rent in Mineral County, West Virginia was $662 per month.
What is the price-to-rent ratio in Mineral County, West Virginia?
The price-to-rent ratio in Mineral County, West Virginia is about 0.6, meaning it would take roughly 0.6 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 Mineral County.
Are home prices or rent rising faster in Mineral County, West Virginia?
Home prices and rent are moving in opposite directions in Mineral County: home prices fell about 22.7% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mineral County, West Virginia?
72.0% of households in Mineral County, West Virginia own their home, higher than the West Virginia average of 63.3%.
What is the vacancy rate in Mineral County, West Virginia?
The housing vacancy rate in Mineral County, West Virginia is 11.1%, lower than the West Virginia average of 15.4%.
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