Nicholas County, West Virginia Housing Market Prices
Nicholas 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 3% above the West Virginia median$97,812
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Median rent 21% below the West Virginia median Cheaper than 76% of counties in West Virginia$686
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nicholas County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,812 | $94,699 | $248,835 |
| Price Trend (Annual %) | 23.7% | 1.7% | 7.5% |
| Median Gross Rent | $686 | $871 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nicholas County is about 3% higher than in West Virginia. Rent is about 21% 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 Nicholas County, up about 23.7% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Nicholas County rose about 25.4% between 2015 and 2024, from $547 to $686. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Nicholas County.
Buying the median-priced home in Nicholas County costs roughly 11.9 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 Nicholas County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Nicholas County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,812 | $94,699 | $248,835 |
| Median Household Income | $54,729 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nicholas County rose about 104.9%, while median household income rose about 29.3% 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 | Nicholas County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 63.3% | 58.5% |
| Rental Rate | 13.4% | 21.3% | 31.2% |
| Vacancy Rate | 24.6% | 15.4% | 10.2% |
| Median Tenure (years) | 21.0 | 18.0 | 15.0 |
| Median Year Moved In | 2005 | 2008 | 2011 |
Nicholas County has a homeownership rate of 62.0%, lower than the West Virginia average of 63.3%. Its housing vacancy rate is 24.6%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Nicholas County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Nicholas County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 21.0 years on average.
Nicholas County, WV Housing Compared With Nearby Counties
How Nicholas County, WV compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nicholas County, WV | 24,277 | $97,812 #2/3 | $686 #3/3 | 82.2% #1/3 |
| Fayette County, WV | 39,515 | $54,853 | $788 | 77.7% |
| Greenbrier County, WV | 32,386 | $110,000 | $867 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Nicholas County, West Virginia.
What is the median home price in Nicholas County, West Virginia?
The median home price in Nicholas County, West Virginia is $97,812, higher than the West Virginia average of $94,699.
What is the average home price in Nicholas County, West Virginia?
The typical home price in Nicholas County, West Virginia, reported as the median sale price, is $97,812. 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 Nicholas County, West Virginia?
The median gross rent in Nicholas County, West Virginia is $686 per month, lower than the West Virginia average of $871.
What was the median gross rent in Nicholas County in 2020?
In 2020, the median gross rent in Nicholas County, West Virginia was $612 per month.
What is the price-to-rent ratio in Nicholas County, West Virginia?
The price-to-rent ratio in Nicholas County, West Virginia is about 11.9, meaning it would take roughly 11.9 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 Nicholas County.
Are home prices or rent rising faster in Nicholas County, West Virginia?
Both home prices and rent are rising in Nicholas County, up about 23.7% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nicholas County, West Virginia?
62.0% of households in Nicholas County, West Virginia own their home, lower than the West Virginia average of 63.3%.
What is the vacancy rate in Nicholas County, West Virginia?
The housing vacancy rate in Nicholas County, West Virginia is 24.6%, higher than the West Virginia average of 15.4%.
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