Raleigh County, West Virginia Housing Market Prices
Raleigh 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 10% below the West Virginia median$84,848
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Median rent 4% above the West Virginia median More expensive than 83% of counties in West Virginia$902
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Raleigh County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,848 | $94,699 | $248,835 |
| Price Trend (Annual %) | 4.3% | 1.7% | 7.5% |
| Median Gross Rent | $902 | $871 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Raleigh County is about 10% lower than in West Virginia. Rent is about 4% higher 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 Raleigh County, up about 4.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Raleigh County rose about 41.0% between 2015 and 2024, from $640 to $902. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Raleigh County.
Buying the median-priced home in Raleigh County costs roughly 7.8 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 Raleigh County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Raleigh County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $84,848 | $94,699 | $248,835 |
| Median Household Income | $51,658 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.6 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Raleigh County rose about 31.0%, while median household income rose about 30.9% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Raleigh County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 63.3% | 58.5% |
| Rental Rate | 20.7% | 21.3% | 31.2% |
| Vacancy Rate | 16.2% | 15.4% | 10.2% |
| Median Tenure (years) | 20.0 | 18.0 | 15.0 |
| Median Year Moved In | 2006 | 2008 | 2011 |
Raleigh County has a homeownership rate of 63.1%, about the same as the West Virginia average of 63.3%. Its housing vacancy rate is 16.2%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Raleigh County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Raleigh County was built around 1976. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 20.0 years on average.
Raleigh County, WV Housing Compared With Nearby Counties
Raleigh County, WV is the largest of the 6 counties compared here, 73,194 residents against a local median of 21,027. The measure that sets Raleigh County, WV apart most is median home price: $84,848, 27% above the local median of $66,665.
The counties themselves spread $100,030 on median home price, so Raleigh County, WV sits at one end of an already wide local range rather than apart from it. Raleigh County, WV has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Raleigh County, WV | 73,194 | $84,848 #2/6 | $902 #2/6 | 75.3% #5/6 |
| Fayette County, WV | 39,515 | $54,853 | $788 | 77.7% |
| Wyoming County, WV | 20,629 | $33,392 | $649 | 82.5% |
| Mercer County, WV | 58,563 | $67,631 | $810 | 72.9% |
| Summers County, WV | 11,729 | $133,422 | $915 | 81.2% |
| Boone County, WV | 21,027 | $66,665 | $836 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in Raleigh County, West Virginia.
What is the median home price in Raleigh County, West Virginia?
The median home price in Raleigh County, West Virginia is $84,848, lower than the West Virginia average of $94,699.
What is the average home price in Raleigh County, West Virginia?
The typical home price in Raleigh County, West Virginia, reported as the median sale price, is $84,848. 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 Raleigh County, West Virginia?
The median gross rent in Raleigh County, West Virginia is $902 per month, higher than the West Virginia average of $871.
What was the median gross rent in Raleigh County in 2020?
In 2020, the median gross rent in Raleigh County, West Virginia was $721 per month.
What is the price-to-rent ratio in Raleigh County, West Virginia?
The price-to-rent ratio in Raleigh County, West Virginia is about 7.8, meaning it would take roughly 7.8 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 Raleigh County.
Are home prices or rent rising faster in Raleigh County, West Virginia?
Both home prices and rent are rising in Raleigh County, up about 4.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Raleigh County, West Virginia?
63.1% of households in Raleigh County, West Virginia own their home, about the same as the West Virginia average.
What is the vacancy rate in Raleigh County, West Virginia?
The housing vacancy rate in Raleigh County, West Virginia is 16.2%, higher than the West Virginia average of 15.4%.
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