Mingo County, West Virginia Housing Market Prices
Mingo 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 17% above the West Virginia median More expensive than 70% of counties in West Virginia$111,194
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Median rent 26% below the West Virginia median Cheaper than 85% of counties in West Virginia$646
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mingo County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,194 | $94,699 | $248,835 |
| Price Trend (Annual %) | 23.0% | 1.7% | 7.5% |
| Median Gross Rent | $646 | $871 | $1,407 |
| Rent Trend (Annual %) | 1.3% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mingo County is about 17% higher than in West Virginia. Rent is about 26% 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 Mingo County, up about 23.0% and 1.3% a year respectively. Home prices are changing faster.
Median rent in Mingo County rose about 10.7% between 2015 and 2024, from $583 to $646. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Mingo County.
Buying the median-priced home in Mingo County costs roughly 14.3 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 Mingo County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Mingo County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,194 | $94,699 | $248,835 |
| Median Household Income | $37,935 | $59,640 | $80,455 |
| Price-to-Income Ratio | 2.9 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mingo County rose about 98.9%, while median household income rose about 22.7% between 2009 and 2025 — 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 | Mingo County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 63.3% | 58.5% |
| Rental Rate | 21.4% | 21.3% | 31.2% |
| Vacancy Rate | 19.4% | 15.4% | 10.2% |
| Median Tenure (years) | 23.0 | 18.0 | 15.0 |
| Median Year Moved In | 2003 | 2008 | 2011 |
Mingo County has a homeownership rate of 59.2%, lower than the West Virginia average of 63.3%. Its housing vacancy rate is 19.4%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Mingo County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1983 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Mingo County was built around 1983. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 23.0 years on average.
Mingo County, WV Housing Compared With Nearby Counties
Mingo County, WV is typical in size for this group, 22,544 residents against a local median of 25,437, so the measures below are close to a like for like comparison. Where Mingo County, WV breaks from the counties next to it is median home price, sitting 80% above the local median of $61,621 at $111,194.
The counties themselves spread $80,538 on median home price, so Mingo County, WV sits at one end of an already wide local range rather than apart from it. Mingo County, WV has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mingo County, WV | 22,544 | $111,194 #1/5 | $646 #4/5 | 73.4% #5/5 |
| Logan County, WV | 31,458 | $93,898 | $709 | 77.0% |
| Pike County, KY | 56,725 | $29,344 | $858 | 75.3% |
| Martin County, KY | 11,027 | $19,365 | $450 | 84.9% |
| Buchanan County, VA | 19,415 | $99,903 | $743 | 83.1% |
Frequently Asked Questions
Common questions about the housing market in Mingo County, West Virginia.
What is the median home price in Mingo County, West Virginia?
The median home price in Mingo County, West Virginia is $111,194, higher than the West Virginia average of $94,699.
What is the average home price in Mingo County, West Virginia?
The typical home price in Mingo County, West Virginia, reported as the median sale price, is $111,194. 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 Mingo County, West Virginia?
The median gross rent in Mingo County, West Virginia is $646 per month, lower than the West Virginia average of $871.
What was the median gross rent in Mingo County in 2020?
In 2020, the median gross rent in Mingo County, West Virginia was $522 per month.
What is the price-to-rent ratio in Mingo County, West Virginia?
The price-to-rent ratio in Mingo County, West Virginia is about 14.3, meaning it would take roughly 14.3 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 Mingo County.
Are home prices or rent rising faster in Mingo County, West Virginia?
Both home prices and rent are rising in Mingo County, up about 23.0% and 1.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mingo County, West Virginia?
59.2% of households in Mingo County, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Mingo County, West Virginia?
The housing vacancy rate in Mingo County, West Virginia is 19.4%, higher than the West Virginia average of 15.4%.
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